What Is Dr. Copper Saying?

Many experts have cited that (Dr.) copper's recent decline suggests a weakening of the economic recovery. The market is sending a different message. In my commentary, Is Copper Suggesting Caution, I proposed that copper is being driven more by liquidity (devaluation) than economic demand.

Copper is being acquired by connected money as the price dips. They have been accumulating the dips despite very little constant currency or what I often describe as real growth in the US and western economies. Prices tend to turn when the accumulation become statistically concentrated.

Follow the money, not opinions.

Copper (JJC) And Copper Diffusion Index (DI):