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Should you listen to copper ETF’s warning?

Posted on 14 March 2013

U.S. stocks as measured by the Dow Jones Industrial Average are trading at all-time highs despite a 5% decline the past month in copper prices, which are seen as a leading indicator for the global economy.
Now technical analysts are eyeing a bearish pattern in copper ETFs that could foreshadow further declines. Some investors say copper isn’t the reliable leading indicator it once was for the global economy, but copper ETFs falling below a key support line has triggered worries about the stock rally…………………………………….Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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