Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Copper Forecasting Economic Ugliness?

|Includes:iPath DJ-UBS Copper Total Return Sub-Index ETN (JJC)

While the Fed is doing all it can to prop and promote the ponzi in equities, Dr. Copper might be warning that the real economy is taking a turn for the worse. Copper (NYSEARCA:JJC) is breaking to the downside of a 4 year old pennant pattern. This chart is actually a few days old... and copper has pushed lower than this charts indicates.

(click to enlarge)Click to enlarge

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: JJC