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Gold: Do Not Underestimate My… Copper?
Copper is often overlooked when looking for gold price movement clues. But this time, its breakout invalidation may have the high ground. Do you know what the key commodity in today’s world is? Crude oil. It’s the most commonly used good on the planet. In terms of versatility and number of applications, silver is not far behind, but there is also one more market that definitely comes to one’s mind when one hears “world commodity” – copper. And for a good reason – while it doesn’t have as unique properties as silver or gold, copper is much cheaper and thus more widely available. Consequently, what’s ... (full story)