Posted on 02/23/2015 6:53:55 PM PST by blam
February 22, 2015
By: Austin Galt
Copper got a bit of press attention recently with headlines of a plunge in price. This was in early January and I hadn't looked at the copper chart for a few days and I was gobsmacked when I did. A plunge they say?! What a load of baloney!! If that was a plunge then they are in for a big shock later this year if my analysis is correct.
But let's not get ahead of ourselves. Let's start with the small picture and then come back to the big picture which will reveal the likely shock in store.
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Another chartist has gotten out their crayons and started drawing lines. ;-)
Contraction
Paralleling the drop in oil demand/suppply.
and the euro Q-easing,
and hence the attempting takeover of every U.S. human body by body mortgages while simultaneously ending Qe in the U.S.
Goldbug ping.
You can add the Baltic Dry Index to your list of contracted measurements.
Third big ship builder filed for bankruptcy in the last three weeks.
I wonder when the stock market gets wind of all of this?
On This Day In History, The Baltic Dry Index Has Never Been Lower
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