The Breakdown In Copper Continues… But Why?
As metals continue to move down copper is a market that is one of the worst. Some technical traders that I respect are now looking for copper to bottom at the mid $2.20 level which is another at least 15% lower. Chris Temple and I address the fall in copper and try to determine why this is happening. Plus a bigger picture look on what it means for inflation and global economies.
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Another 15% down on Copper is going to crush copper miners but make a great buying opportunity.
Now that I have stated the obvious I will head to the fish & chip shop. Tea time here.
HUI………..143……..
Thank you Dr. Copper for the buying opportunity!
Now here is a BREAK DOWN…….
https://www.zerohedge.com/news/2018-08-15/trump-revokes-security-clearance-former-cia-director-john-brennan
The guy needs some “copper cuffs”
I bet….he still gets the CIA info anyway……….CIA does not listen to the Pres. from what I have read.
Copper should bottom around 2.60. I think next week will be the turnaround.
The going to 1.20? (Funny)