Underlying Indicators for Economic Acitivity
Are we melting away? Dr. Copper says no. BUT be patient and follow the charts.
Crude is also confirming some signs of inflation. Gold is pulling back but it is above it's bullish support line. (little dots at bottom of the chart) All these charts are bullish. The Stock market is BEARISH and keeps confirming the downturn. These things are the canaries inthe coal mine that I see inflation could come back to our economy. Will they? Who knows but so far it is the first signs of light.
Jamie
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