Copper Weakens As the Disconnect Widens

If Dr. Copper is any gauge of US and global economic "growth," then this picture suggests that demand for the industrial metal remains weak, and so will the engines of growth. No wonder Bernanke back-pedaled so fast on July 10!

That said, QE has not made much if any difference to the copper market, which likely represents "the real world," as distinct from the stock market, which remains totally disconnected from the world in which Dr. Copper finds itself at the moment.