Double dip?

I like to follow commodities because their trend gives a sense of the strength of the business cycle.

Copper is an important metal because it is very sensitive to demand and overall business conditions.

What caught my attention is the recent weakness of copper (click on the chart to enlarge it). Its price broke on the downside an important moving average. This is a trend that should be followed closely. Continued weakness in copper suggests the economy is not as strong as most analysts are predicting.

Time will tell, of course.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

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