Oil is going much higher based on OPEC deficit
Oil is about to soar.
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Copper Checklist
To be able to time the copper market you need to take into account a lot of things. Here is a checklist. 1) Kilian Zhou Real Economy Index The Kilian Zhou Real Economy Index tracks commodity markets. It’s derived from a panel of dollar-denominated global bulk dry cargo shipping rates. It may be viewed as a proxy for the volume of shipping in global industrial commodity markets. 2) Copper/Gold Ratio The copper/gold ratio is correlated to the 10 year bond yield. 3) Copper LME Warehouse Stock Whenever the LME/COMEX warehouse stock level drops, there is a shortage in copper and copper prices will rise. Also check the inventory in China . SHFE copper warehouse stock can be found here . SMM bonded warehouse copper stock level can be found here . 4) China Power Consumption Watch China demand for copper. High power consumption means high China GDP and higher demand for copper. 5) China Credit Impulse The China credit impuls...