At the LME today copper fell to the lowest since Nov 30, 2010 at $8249 a tonne. Yesterday, copper broke below the May lows and the chart looks especially bearish. Copper is a leading indicator and one of the best barometers of global growth. With the IMF cutting its worldwide forecast to 4% from 4.3%, the declines are no surprise. In fx, it’ss especially bearish for AUD.
