If it is Doctor Copper, then the doctor is gravely ill.
Copper and the copper stocks are plunging. Cannot help but wonder if this is predicting a crash in the DOW, S&P, and Tech, and a general economic meltdown. What do you guys think?
Copper and the copper stocks are plunging. Cannot help but wonder if this is predicting a crash in the DOW, S&P, and Tech, and a general economic meltdown. What do you guys think?
I think everybody except you and me is over the toilet bowl head down
🙁
😉
Maybe not quite everyone, Sir Fully. One day there will be bargains for the picking. If this is the “big one” happening, it should be followed with a new currency, and PMs may play a part. We will need to be ready. We need to pay close attention to what’s coming down the pipe.
All cash too. Been waiting for this.
I think we can scrub the co-ordinated global growth nonsense that MSM has been spouting. We are all aware that the debt collapse of 2008 was “corrected” with ever more debt. We are riding on top of the biggest debt bubble in the history of the world. Its everywhere, inflated with central bank fiat. I don’t know if the bubble is bursting as we speak, but if it is, “We ain’t seen nothin’ yet, brother.”
China reflated big time after the 2008 GFC – drove up the demand for commodities. Cheap $USD debt, especially in EMs, must now be repaid in rapidly appreciating dollars. Now China is slowing while debt is expanding, and commodities are sold to raise cash.
Has the debt domino finally begun to tumble? Is this the beginning of the end? Don’t know. It might be. Buckle up.
Looks like if it is not tumbling now, it will in the near future. Amazing how these sectors keep plunging together.
I think this is more consolidation then stocks are going to roar again. Hard assets will bounce and suffer. Will see how it goes though.