- The entire commodity complex is breaking down
- What to expect next
- What will happen with gold
- What all this means for the future
'Dr. Copper' is so named for the metal's uncanny ability to both diagnose current economic activity and deliver a prognosis on future activity. Right now, it's saying the patient is very sick and not likely to recover any time soon:
Copper has just broken through key support (in dotted circles) and looks like it could fall further. Notice the behavior of copper in 2008/09 and you’ll see that paying attention to copper is a good idea.
Oil has obviously fallen by a lot, with WTIC crude well under $50 again today, signaling …