I tend to agree, especially if you want to get a handle on the Chinese economy. They are slowing down, we are slow, Europe is the dog’s breakfast. The economy I believe will track very well with what copper does.
The Chinese have badly exacerbated the copper situation, and I believe copper could lose $3. (VERY bad for BHP, FCX)
They have stockpiled copper in vast qtys to front run the “infinite” demand, SOME Chinese have borrowed money against same, and some have used copper as a way to get money out of their banking system. I don’t think this is one day or 30 days in the life of copper.
I pulled 200+ lbs of Cu out of the house I remodeled last year. I was a dope not to sell it.
“Europe is the dog’s breakfast.”
before or after he ate it?