DOCTOR COPPER

Market jargon for the base metal that is said to have a Ph.D. in economics because of his capacity for predicting turning points in the global economy. Demand for copper is often considered a reliable leading indicator of economic health due to its widespread applications in most economic sectors, from homes and factories, to electronics, power generation, and transmission. Escalating copper prices imply strong copper demand and growing global economy. Conversely, decreasing copper prices denote weak demand and economic downturn.