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Nexvu on Economics, Politics and the Markets

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Copper: Global Economic Indicator

Posted by nexvucapital on December 14, 2013

We have provided an updated chart on one of our favorite global economic indicators – Copper. The reverse head-and-shoulders bottom is unfolding and we have taken the liberty of depicting a standard breakout scenario. We have also included several charts to demonstrate the rapidly declining LME inventories which have received very little attention from the pundits of doom. Remember, Bull Markets NEED to climb a wall of worry…

HGC

lme-warehouse-copper-6m-Large

lme-warehouse-copper-1y-Large

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