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[littlejohn]

Oil/$58, copper 4.60ish, copper is #2 flashing red

indicator on economic activity...

https://finviz.com/futures_charts.ashx?t=HG&p=d

note, the price spike in late March came

when Trump threatened tariffs that spurred

traders to do some hording short term...

Borrowed text below...

Copper prices more than doubled their losses
for the month of April in a single trading session
Wednesday. If the industrial metal is a leading
indicator of economic activity, that doesn't bode
well for copper's outlook, financial markets or the
health of the economy.

Copper price fall came after the China PMI

numbers were released,

China's official purchasing managers index for
the manufacturing sector declined to 49.0 in April,
down from 50.5 in March. A reading below 50
indicates a contraction in manufacturing.

China PMI number for April still doesn't reflect

all of the down turn in motion there...

My guess would be that they won't have any

happy faces at bargaining tables about now...


so we watch...LJ