Wednesday, July 22, 2009
Copper, long thought by economy-watchers to be the smartest of commodities (thus the nickname "Dr. Copper") is now up 102% from its December lows. Clearly there are some major forces at work out there, one of which is that the world is making considerable progress toward regaining the conditions that prevailed prior to last year's financial crisis. We have definitely seen the worst of the economy, and I would be very surprised if the economy has not been in recovery mode for the past month or two.
Posted by Scott Grannis at 10:13 AM