Copper Continues to Blow Out of the Water, Sharply Higher Again in Overnight Trade

The phenomenal run continues to astound, much to my chagrin. Ever since Trump won, Dr. Copper has been soaring — the most since 2013. In about a period of two weeks, copper has moved higher by about 20%.

Copper stocks are sharply higher, as a consequence.

Socgen says copper is merely playing catch up to other base metals.

My primary beef with this bastard run in copper is that it means China is about to rip higher to the upside, economically. WRONG. China is going to get punch around the eye-sockets by President Trump. In other words, this rally is superfluous and horseshit.

According to Exodus, the copper sector is woefully overbought.

Copper is higher by another 3% this evening — as abject retards play the chase game. Mark my words, all of these people will bankrupt themselves into a deep sorrow and laughable clown rape.

NOTE: This isn’t a zero sum game. The rise in yields and the dollar is crushing the skulls of weak nations with malicious efficiency. Keep an eye on emerging markets. Borrowing costs are going up. Not everyone enjoys record low yields, most readily found in the U.S. and Europe.