"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •318 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 990.20 | -5.20 | -0.52% |
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WTI Crude •23 hours | 62.49 | +0.87 | +1.41% |
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Gasoline •23 hours | 2.142 | +0.007 | +0.35% |
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Ethanol •318 days | 2.161 | +0.000 | +0.00% |
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Silver •318 days | 30.82 | +1.16 | +3.92% |
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Silver • 318 days | 30.82 | +1.16 | +3.92% | |
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Copper • 318 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 22 hours | 65.41 | +0.88 | +1.36% | |
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Natural Gas • 23 hours | 3.334 | -0.028 | -0.83% | |
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Heating Oil • 23 hours | 2.141 | -0.025 | -1.17% |
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We couldn't just have one "Chart of the Week" this week. We need two.
Figure 1. Copper/ weekly
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Our bonus "Chart of the Week" is a weekly chart of copper, that metal with a Ph.D. in economics. Copper has closed below the 370 support level, and this is bearish. This is a reflection of global economic weakness. "Risk off" appears to be the predominant theme amongst various asset classes. Proceed with caution.
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