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Today's jobs report helped juice copper (JJC) prices, which soared 6.8% to stage their biggest...

Today's jobs report helped juice copper (JJC) prices, which soared 6.8% to stage their biggest single-day gain in 18 months. But copper is still ~10% lower YTD, and perma-bear Al Edwards continues to trust in its ability to serve as an economic indicator. The metal is giving "an early warning that liquidity will not save risk assets: it's time to get out of equities," he warns.
Comments (3)
  • nightfly
    , contributor
    Comments (1017) | Send Message
    Definitely a little short squeeze there. No fundamental demand for commodities and the broad and persistent selling...
    3 May 2013, 06:11 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (920) | Send Message
    As I have mentioned before the drops in copper and other commodities have less to do with the global economy and more to do with global investment money movements.
    3 May 2013, 07:29 PM Reply Like
  • Hendershott
    , contributor
    Comments (1498) | Send Message
    drops in copper and other commodities....investment funds have been fleeing in the face of oversupply....finally.... industry built too many mines....too much capacity....assumed demand was the CEO of Glencore pleaded with his peers....stop building mines.....too much capacity even with a decent global economy.....unless the Chinese go on another building spree......but even that has it's limits.
    3 May 2013, 10:09 PM Reply Like
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