As much as Dr DOOM wants you to believe that the economy is in trouble, the underlying facts are showing that the global economy is taking place, with China leading the world.
Copper prices has been soaring. The price is now at a resistance level again. Why are investors buying so much copper?
Copper is used in infrastructure; government spending has boosted this metal price.
The metal has risen today even though the manufacturing data were bad. This is because the fall in the dollar outweigh the poor reports.
What’s the take?
The global recovery is happening. This supports long term BULLS.
Copper might experience a pullback.
Buy stocks if the price is ripe.
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