(1) Copper chart still on downtrend despite recent rally. (2) Big debate: Commodities back in bull market? (3) China is either growing faster again or speculating more again. (4) Speculators link copper and the dollar. (5) Copper highly correlated with expected inflation in 10-year TIPS spread. (6) Global growth remains uninspiring. (7) US and German business indicators flat at high levels. (8) No sign of Chinese economic rebound in Japanese and Korean exports.
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