DEFINITION of 'Doctor Copper'
Market lingo for the base metal that is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy - from homes and factories, to electronics and power generation and transmission - demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. Generally, rising copper prices suggest strong copper demand and hence a growing global economy, while declining copper prices may indicate sluggish demand and an imminent economic slowdown.
Silver also steadily dropping. Thousands of industrial and medical uses.
The big copper mine near my Arizona winter home just laid off half its work force. The other half probably aren’t far behind.
Some good informative answers.
I'm not a stupid man...in fact, I'm fairly well educated and been pretty much throughout the world...but my primary experience has always been, quite frankly, learning how to and teaching others on the art of killing and causing mayhem and being an expert on the weapons to do so with.
Not had a whole lot to do with world markets, other than figuring out exchange rates in the various countries around the world and, in my misguided youth, finding the best drinking spots in the various places.
It's refreshing to get a straight, non-condescending answer from folks.
I have made investments in the commodities markets...not lost a penny yet, other than some I got caught with on silver prices, but not enough to hurt.
I definitely do not see a future in copper futures.
Again, thanks, everyone for the informative and mature answers.