I do not normally shill like this, but one of my most frequent critical commentator keeps pounding me on Copper, which I use as a forecasting tool. Right after the August 9 top, I noted that copper had come off its peak, suggesting economic weakness; but it has since reversed back up. Copper is the canary in the coal mine for economic forecasts - it is very sensitive to changes in demand, and is used in practally all of this nice electronic gadgets we seem to love so much. Some life in copper means the recoveryless recovery gets at least a bronze metal.
So, is the price of copper signaling a recovery brewing, or is it just part & parcel of a general commodities bubble being spawned by the Fed's imminent launch of QE2? Enquiring minds want to know.
One place to try out is with EWI's Free Week in commodities. Have at it! And then let me know how it works out so I can be better armed in the debate with my critic. Also, while free to you, the FTC wants you to know that it sports a small fee to me, maybe enough to buy a real copper penny not the debased stuff we use to cover annoying sales taxes.
PS - be aware that the services skip the metals but can give insight into whether we have a general commodities bubble, which means copper may be reacting to a bubblet not economic fundamentals.