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The Breakdown In Copper Continues… But Why?

Cory
August 15, 2018

As metals continue to move down copper is a market that is one of the worst. Some technical traders that I respect are now looking for copper to bottom at the mid $2.20 level which is another at least 15% lower. Chris Temple and I address the fall in copper and try to determine why this is happening. Plus a bigger picture look on what it means for inflation and global economies.

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Discussion
7 Comments
    Aug 15, 2018 15:55 AM

    Copper should bottom around 2.60. I think next week will be the turnaround.
    The going to 1.20? (Funny)

    Aug 15, 2018 15:29 AM

    Another 15% down on Copper is going to crush copper miners but make a great buying opportunity.

    Now that I have stated the obvious I will head to the fish & chip shop. Tea time here.

    Aug 15, 2018 15:51 AM

    HUI………..143……..

    Aug 15, 2018 15:04 AM

    Thank you Dr. Copper for the buying opportunity!

      Aug 15, 2018 15:45 PM

      The guy needs some “copper cuffs”

        Aug 15, 2018 15:46 PM

        I bet….he still gets the CIA info anyway……….CIA does not listen to the Pres. from what I have read.