Happy Days Are Here Again?
DEFINITION of 'Doctor Copper'
"Market lingo for the base metal that is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy - from homes and factories, to electronics and power generation and transmission - demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. Generally, rising copper prices suggest strong copper demand and hence a growing global economy, while declining copper prices may indicate sluggish demand and an imminent economic slowdown."
Happy Days Are Here Again?
Watch for an upsurge in crispy critters made from thieves trying to steal energized railroad caternary.
Darwin will strike again!
Leading indicator.
Demand and current supplies simply don’t justify a bull market for copper if what I have read is accurate.
My prediction. Copper could go higher and after stabilizing could go lower. All the while fluctuations in copper prices could bring costs higher as well as lower.
Buy my book.
Looks to me as if someone is trying to talk it up. There is no fundamental reason for any industrial metal such as copper to be spiking upward. Economic indicators are weak, demand is not strong. Individuals jumping in should be very wary, imho. The price has already been run up, now they’re looking for patsies to buy into the selloff so they’ll maintain their profit. Then it tanks.