What's Ailing Dr. Copper?
Brett Owens submits:A favorite exercise of mine is to take a look at the board and see what assets are not participating in strong rallies on days like yesterday. And it looks like there were a few noticeable absentees in the commodity sector that did not make it for Wednesday's raging campfire of a good time!(Ed. note: And in case you missed it, Tuesday we took at look at the role commodities were playing as a potential leading indicator of the stock market.)The base metals certainly were not behaving well, on concerns that China is not yet right. Dr. Copper, the metal with the famed PhD in economics, thanks to its forward looking reputation, hit a two week low. Nickel, not to be outdone, hit a four-month low, and zinc hit its lowest levels since September 2009. (Source: Business Standard). Click images to enlarge:Complete Story »