COPPER / Article on turnaround of copper, oil, etc (Clive Maund)
posted on
Mar 08, 2009 11:25AM
Posted today in free section of clivemaund.com
"COPPER & OIL provide EARLY WARNING OF AN END TO THE GLOBAL ECONOMIC CRISIS
Something truly remarkable happened last week that has major implications for the global economic crisis - despite all the doom and gloom and the broad stockmarket continuing to make new lows, copper broke out upside from a 3-month long base pattern. Why is this so important? - because copper has a history of being one of the earliest if not THE earliest lead indicators for the world economy, so much so that it is sometimes called Dr Copper. So what happened? - let's take a look on a 6-month chart..."
Complete article with several charts is here .