“Oil To 'Break' Everything; Stocks, Bitcoin, Gold Crashing 'Back Down' | Mike McGlone”
Copper faces a potential crash ('accident') driven by overcrowded long positions and high inventory levels.
And if you look at copper over the last 3 4 years, it trades at two to three times the volatility of the S&P 500 and it's underperformed. Now this year it's performed. That's an accident waiting to happen.
What's going on with copper? Yeah, just today it's down 5%. I've been calling copper an accident waiting to happen. The question is is the accident starting?