INDUSTRIAL METAL PRICES HAVE BEEN SQUEEZED BY 2 OPPOSING BUY-SIDE FACTORS:
1) A SLOWING, DEPRESSIONARY WORLD ECONOMY WITH DIMINISHED DEMAND FOR ENERGY AND INDUSTRIAL MATERIALS, ALONG WITH A GLOBAL DOLLAR SHORTAGE! 2) CENTRAL BANKS ENGAGING IN RECORD-LEVEL CURRENCY CREATION COMBINED WITH UNPRECEDENTED FISCAL STIMULUS BY GLOBAL GOVERNMENTS!
IF INFLATION PROVIDES SUPPORT TO THE PRICE OF OIL, INDUSTRIAL METALS WILL CONTINUE TO INCREASE IN PRICE FROM THEIR '15-'16 BOTTOM!