About a month ago, we discussed the price action of copper and what it might mean for the health of the global economy. From our perspective, it looked like copper had peaked, at least on an intermediate-term basis. Copper is tough to short for a retail investor. The ETF have market caps of just $15 million or so., making them and the options on those ETFs rather illiquid. Professionals will short copper futures as a vehicle for speculation. We, on the other hand, have to look to stocks as our preferred trading vehicle.
The US economy is chugging along and doing just nicely. A look around the globe, however, we see some of the European economies (Turkey, Spain, Italy, etc.) struggling and virtually all the emerging market economies are struggling as well.
