Skip to comments.We'd Like To Introduce You To Dr. Aluminum
Posted on 04/19/2012 8:19:50 PM PDT by blam
We'd Like To Introduce You To Dr. Aluminum
April 19, 2012, 8:21 PM
Copper was given the nickname "Dr. Copper" because the industrial metal supposedly has a Ph.D in economics. Why? Because copper is widely recognized as a good indicator of economic health.
However, copper might not be the smartest metal out there.
According to this chart published in Citi's massive 110-page Q2 Commodity Update report, aluminum is much more vulnerable to the economy.
(Excerpt) Read more at businessinsider.com ...
So these charts, are they a good thing or a bad thing?
Should I be trading my gold for aluminum cans and foil?
With the price of aluminun declining it means that the demand is declining which means that the overall economy is declining...not rebounding like Obama would have you believe.
That's the way I read it.
Most of this is due to China, so far as I can see right now.
China’s accounting fiction is looking as tho it will have an unhappy ending...