| Using metal as a reliable indicator of the country’s economy is a fraught exercise. Is Dr Copper sick? The metal first won its reputation — and nickname — in the early 1980s as an accurate forecaster of US recessions.
It swooned ahead of the downturn that hit the US in 1981, according to John LaForge, head of real asset strategy at the Wells Fargo Investment Institute. “At the time the US was very manufacturing-driven, so everyone kind of linked the two,” he says..........................................Full Article: Source
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