Copper Prices Ticking Up

Recently, copper prices broke well above the 200 day moving average and this may be a sign of global economic growth picking up. Copper is used in electronics, homes and infrastructure and copper price movements are often viewed by many as an indicator of global economic conditions.

For example, here is how the relationship between copper prices and emerging stock prices (as measured by VWO) has looked over the past five years. Correlation does not imply causality, but the two data series do track each other fairly closely.