Is Dr Copper Making A Fool Out Of Us?

It is said that Copper has a PhD in economics because of how widely used it is across the economy, but is it's price always a reliable indicator?

A favorite trick of global macro commentators, and some traders, is to look at short term price action in a particular market and from there extrapolate broader economic conditions, which they then use to make other forecasts.

Copper is a perfect example of this.

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