Doctor Copper Is Sending Signals Our Way
The price of copper has hit an all-time high. This represents a signal about the world economy. The euphemism on Wall Street for the implications of the price of copper is called Doctor Copper.
If the price of copper is moving higher, then Doctor Copper is diagnosing economic growth, or possibly an artificial economic boom. If the price of copper is moving lower, then Doctor Copper will diagnose an economic contraction, or economic bust, or even an economic crisis, brought on by the previous artificial economic boom.