Copper, the predictor of economic growth

The price of copper is an indicator of the status of the global economy and therefore tells us a lot of the prediction of economic growth.
Although Copper is recovering a little bit, it is still on a very low level, compared to the time before the “tariff war” broke out in 2018.

Based on the present economic situation, it will float on the present level. Only a major breakthrough in the crises between China and the US, the European struggles like Brexit and possibly Euro crisis with Italy will change this.

My guess is that no breakthrough will happen on the short term. At least that is what Dr. Copper is telling us.

Enjoy!