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.
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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.
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