What is this Copper Breakdown Telling Us?

Posted by

If you subscribe to the belief that copper is a good leading indicator for global growth (and by extension risk assets like stocks), then you may be a bit disconcerted by this break below the flag pattern for the industrial metal.

Here’s the chart from my pal Chris Kimble of Kimble Charting Solutions:

Is copper still important?  Can we trust any of the “official” demand numbers out of China given how ridiculously opaque their warehousing and usage stats are?  Does copper mean anything in terms of US stocks anymore?

 

 

 

 

 

What's been said:

Discussions found on the web
  1. taxi cheltenham to heathrow commented on Sep 17

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  2. Bitcoin Era Review commented on Sep 23

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  3. bitcoin era commented on Oct 01

    … [Trackback]

    […] There you can find 66196 additional Information on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  4. orangeville real estate agents commented on Oct 16

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  5. 안전놀이터 commented on Nov 01

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  6. rubber straps commented on Nov 14

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  7. software regression commented on Dec 02

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  8. scotiabank online banking login commented on Dec 04

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  10. online cvv shop commented on Dec 23

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

  11. fake rolex commented on Dec 29

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2012/05/23/what-is-this-copper-breakdown-telling-us/ […]

HowIInvestMyMoney