Dr. Copper
Please click here for a chart of copper ETF CPER.
Note the following:
- The chart shows that copper is breaking out.
- The chart shows that copper prices have been able to hang for a period of time above where they were at the February stock market high.
- There is a good reason why copper is called Dr. Copper. Copper has a reputation of giving good signals for the economy. Copper is widely used from building homes to electronics to power transmission.