A seer quoted recently in the Wall Street Journal was predicting a global economic slowdown based on weakness in copper, and although I wouldn’t lay odds against the slowdown part of his theory, I see no especially compelling corroboration in high grade’s long-term chart. Moreover, if the next thrust pierces the 2.9533 (approximate, since this is actually a continuous chart) midpoint pivot shown, it would be warning copper bears to reef the sails (assuming their paws can handle halyards, jam-cleats and such).
