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Assume The Crash Position

What this means for gold, oil, copper & real forms of wealth
Friday, July 24, 2015, 11:03 AM
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Executive Summary

  • The entire commodity complex is breaking down
  • What to expect next
  • What will happen with gold
  • What all this means for the future

If you have not yet read Part 1: Deflation Is Winning – Beware! available free to all readers, please click here to read it first.

Commodity Bust

Copper

'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

Oil has obviously fallen by a lot, with WTIC crude well under $50 again today, signaling ... 

 

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