• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Mullooly-Logo

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

  • Our Fees
  • About us
  • Schedule a Meeting

Copper Can Be Used As An Economic Indicator

October 18, 2011 by Thomas Mullooly

According to most financial advisors, copper has often been regarded as a great economic indicator, since copper has so many uses. When the economy typically begins to pick up, copper is in DEMAND. When we have slack (or slow) times in the economy, demand for copper drops.

So what is copper, as an economic indicator, saying right now? Keep in mind, it is not a perfect indicator, and at times it has been wrong (or slow). While we are *NOT* recommending the purchase or sale of copper, it sure has an uncanny knack of telling us what is happening right now.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.

And since point and figure charts tell us precisely “what is happening right now,” this video about copper and the exchange traded fund from First Trust, the Global Copper Index (symbol CU) have to say.

Our point and figure charts are provided by Dorsey Wright & Associates. I encourage you to visit their website and check out their free two week trial subscription! You should also please note the postings and videos on this site are my own, and do not necessarily represent Dorsey, Wright & Associates positions, strategies or opinions.

Feel free to contact us through email or by phone at 732-223-9000 should you have any questions, or have a mutual fund, exchange traded fund or stock you would like us to analyze. We may even feature it in an upcoming video!

 

Never miss a post...and we deliver!

newsletter mailman

Get our updates delivered right to your inbox. Sign up today!

Success! Now go and check your email to confirm your subscription.

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Filed Under: Videos, Stock Market Comments

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

Footer

Mullooly-Logo

2052 NJ-35, Suite #203
Wall Township, NJ 07719
Phone: (732) 223-9000
Fax: (732) 223-9600
Email: support@mullooly.net

Form CRS

  • Privacy Policy
  • Disclosures and Legal Disclaimers

Useful Links

  • Contact Us
  • Client Login
  • Pay Bill Online
  • About us
  • Our Fees

The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Resource Center

  • Videos
  • Podcasts
  • Blog

Copyright © 2021