Copper

By Helen Burnett-Nichols, Minyanville Although copper hit a three-month low last week, the price of the red metal may be set to move higher heading into the second half of the year and looking ahead to 2013, say commentators. Copper for April delivery ended last week at just over $3.62 per...

Overnight has shown some early weakness in copper, which had led the general market up in a fast spurt over the past four trading sessions. This weakness can be seen in the chart below as copper nears 3.2300 and a support line at 3.2125. It has also broken a trend line, that admittedly was almost...

Human nature being what it is the sentiment is most bearish at the bottoms and bullish at the tops. We wrote, for example, that the one trade that appeared the hardest to make at the start of the third quarter of 2007 was selling bank shares. At the beginning of 2009 we noted that the hardest...

Copper's been a leading market indicator for so long that's it's nickname is Dr. Copper. It's most recent diagnosis has been a bearish movement in the S&P 500. If this morning's German vote to again economically support the EU, followed by the lower jobless claims number pre-market is any...

I mentioned about two weeks ago, 'Doctor Copper' was looking quite sickly.  Things have deteroirated since. In the past, copper was an excellent indicator of industrial usage, and hence economic activity but over the past 4-5 years, China has really come to dominate this market, so I believe the...

While there are always exceptions one of the better rules to follow is to never buy cyclical stocks that are ‘cheap' relative to earnings. A low PE multiple tends to reflect the markets' view that earnings are going to decline. The point here is that equities ‘lead' and if one can grasp this...

. Weakness in Copper suggests serious concerns about the economic outlook. Yesterday, I wrote: "Three days up is sufficient for a minor counter-trend correction. Price indexes already have recovered normal fractions of the previous week's losses." The S&P 500 Composite fell 24.32 points or...

A little more than six months ago I laid out a bearish case for the red metal, also known as Dr. Copper by those in the markets for its ability to predict future economic change.  With the recent thrashing copper and many other risk assets have taken I thought revisiting the topic would be a good...

The S&P 500 Composite rose 6.87 points or 0.61% on Friday, September 23, 2011. Volume on the NYSE fell 31%, which did not confirm an upturn in the price trend. S&P 500 and other price indexes are near the lower end their 7-week trading ranges. Fundamentally, whether or not these...

a Deteriorating Economic Outlook Copper, iPath DJ-UBS Copper TR Sub-Idx ETN fell below the lows of the previous 10-months. Agriculture, PowerShares DB Agriculture Fund ETF price fell below the lows of the previous 16 trading days. Energy stock sector Relative Strength Ratio fell below 4-...