What Are Copper And Oil Signaling?
Copper and oil both appear to be warning the markets that a global slowdown is underway. Equities are also signaling this as the Dow (NYSE:DIA) just finished 6.4% down this week, its worst week since October 2008. Furthermore, copper and oil are signaling that investors have lost confidence in the Federal Reserve’s ability to stimulate the economy through Operation Twist.
Silver down $3 tonight. Usually Asia trading is steady. The velocity of silver declining is stunning. Usually on that Kitco silver chart people post, the horizontal bars are scaled to twenty cents or even ten cents. The past two days they have been scaled at $2. People have to know that to judge on these charts how drastic this fall really is.