One thing is for sure, when Dr. Copper’s price is falling, the silence from prognosticators is deafening; but when it’s rising it is the greatest indication of the global growth narrative the world has ever known. However, there’s a hole in that story…
LME Copper prices are up for 9 straight days – the longest wining streak since 2004 – (and 13 of the last 14 days) pushing prcies above $7,200 intraday – the highest since 2014…
And given copper’s rip higher relative to gold, based on DoubleLine’s Jeff Gundlach’s favorite chart, 10Y yields should be drastically higher to reflect this implied growthiness…
This post was published at Zero Hedge on Dec 27, 2017.