EUR has clearly broken down. Copper is on the verge. 60% of copper use in the US is in residential housing construction. Don't forget China though...they are copper buyers. However LME stockpiles are rocketing upward.
Sunday, December 13, 2009
EUR and Doctor Copper
These are both very bearish signs for the US Equities Market.
EUR has clearly broken down. Copper is on the verge. 60% of copper use in the US is in residential housing construction. Don't forget China though...they are copper buyers. However LME stockpiles are rocketing upward.
EUR has clearly broken down. Copper is on the verge. 60% of copper use in the US is in residential housing construction. Don't forget China though...they are copper buyers. However LME stockpiles are rocketing upward.
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Insightful and Useful Comment!