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Copper has been the "single-best leading indicator for stocks over the past 18 months," and its recent action suggests stock-market doom, one firm said.
Metals in particular are suffering as a higher dollar caused by the EM currency sell-off pushes commodity prices sharply lower.
Copper prices plummeted below $6,000 Thursday for the first time in a year as a trade fight between the US and China continued to weigh on metals markets.
BI PRIME: Goldman's commodity strategists see another strong year for crude oil and copper.
Trump will reportedly put off infrastructure spending until 2018.
Copper and other industrial metals are way up, likely because of President-elect Trump's promises to increase infrastructure spending.
'Dr. Copper' does not have a spectacular track record.
"Recent movements in copper inventories highlight the lack of significant demand for the metal, particularly in the ever important Chinese market."
"The recent divergence can probably be explained by wildfires in Canada and pipeline bombings in Nigeria ..."
The copper-mining giant announced this on Tuesday along with earnings results.