This page has been archived and commenting is disabled.

Doctor Copper Has A Seizure

Tyler Durden's picture


What a difference a day makes. On Friday, Doctor Copper was surging on the back of dismal home sales data and the hope of moar money; today, following the terrible durable goods data, the economist-metal is plunging rapidly.



We mentioned critical levels for copper yesterday and questioned the sustainability of the recent rally in light of the cash-for-copper financing deals; it seems that anxiety is leaking into prices (as we are not seeing broad weakness anywhere else).


Chart: Bloomberg


- advertisements -

Do NOT follow this link or you will be banned from the site!