COMEX:HG1! Copper Futures
Copper is such a key component in manufacturing (from housing to airplanes to automobiles) that its direction is often a great proxy for global economic output. Rising copper prices equates to booming economies; falling prices equates to contraction. Talk of austerity is contractionary not expansionary and so it should not surprise us to see Copper prices falling. Considering factors too, once into May, I would be more than happy to sit on the short side of this market and see where it takes us....