What Is Doctor Copper?
The term Doctor Copper is market lingo for this 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.
Maybe the chinese don’t need anymore “ghost cities”?
Awesome I can buy Romex without needing to get a mortgage!
Well, for once, I didnt buy something I really thought was going to do well but it didnt.
:-)
Wheat, corn, soybeans, hogs, cattle, lumber all plunging as well, in typical ‘sell the news’ fashion after massive inflation media coverage.
You’d think that copper and wood prices would move in unison.
FCX has gone from $6 to $46 in a little over a year. With the push for electric vehicles worldwide, I’ll just keep holding, thank you. #nottooworried
Inflation, deflation or speculation. My guess is big guys buy Up futures, fed talks the inflation talk then retail investors get fleeced. SOP. Need a bigger yacht, house plane bonus ....
Need better souls.