Copper May Signal Weakness for Broader Economy

By on May 10, 2010

A couple of blogs point out that copper has broken below its 200 day moving average. Supposedly copper prices are predictive of future economic activity. If this is the beginning of a bear market in copper there could be economic weakness ahead.

Pragmatic Capitalism points out that the 50 day moving average crossing below the 200 day moving average would be a much more valid signal of a bear market in progress.

Sources: Business Insider, Pragmatic Capitalism

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