DANGER, DANGER, DR. COPPER
You may remember that we cautioned about the price of copper not long ago. Copper is often referred to as Dr. Copper, PhD in economics; because the price of copper is thought to reliably predict economic conditions.
…Gold prices broke below $1,400 on Monday [today], as investors dumped shares of gold miners on worries over their profitability as the yellow metal hit its lowest level since March 2011.
Monday, the S&P 500 finished down 2.3% to 1552 (rounded).
…and now I have confirmation from the NTSM analysis.