COPPER AND COMMODITY SHORT: The dollar effect
Updated
The bullishness in copper is misguided, in my opinion.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
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In progress, commodities weakening. Progressive weakness in copper should shift bearish focus onto equitiesComment
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