It’s becoming pretty clear, at least to us, that the world is going to look much different on the other side of this crisis. Diminished global supply chains and more nationalism. Slower growth and higher inflation. The speed and trajectory will depend on the outcome of the November presidential election.…
Copper prices are down 17 percent since their Jan 16th 52-week high with no technical support in sight until $2.00 per pound, down another 16.6 percent from today’s close.
Copper prices hit a three-week high this morning as China, the world’s largest copper consumer, lowered a key interest rate to cushion the impact from the coronavirus outbreak. China’s central bank lowered the rate on a one-year medium-term lending facility (MLF) loans. Policymakers said on Saturday Chinese lenders will tolerate…
https://twitter.com/birdyword/status/1222751730003140608?s=21
Copper prices are on track for the biggest weekly drop in nearly 19 months amid worries over a new coronavirus in China. Copper futures are down over 7 percent in the past week and WTI Crude down more than 17 percent since its Jan 8th high. “The pressure on the…
