Why is Copper Falling?

http://ethanmichaly.blogspot.com/2014/03/why-is-copper-falling.html

It’s the Economy, Stupid.

I wrote an article towards the last quarter of 2011 called “Copper has a Phd. in Economics”, where I stated that one of the best indicators of the global economic cycle is Copper due to the immediate effect on its price when demand in general slows, as it is used intensively in Manufacturing, Industrial activity and Construction, to name a few very important areas of the economy, key to its sustainability.

As it turns out, here we are three years later and the results continue to validate the theory. Lately Copper has been falling more precipitously due to the bad numbers coming out of China, which will likely grow below 7% dragging world consumption and GDP.