Wednesday, March 30, 2011

Copper Continues to Not Confirm the Equity Market's Giddiness

Speaking of "Doctor Copper" we continue to see a divergence between the equity markets domestically, and the state of affairs in the copper market.  The chart below has a 1 day delay, but copper is down nearly 2% again today, under $4.27, breaking back below the 50 day moving average.  Something's amiss...

No position

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