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Another site confirms my thoughts of Copper’s ties to Economic Recovery
By Sean Hyman | March 20, 2009
www.dailywealth.com today put out a story that confirmed one that I wrote on Copper recently. See their economic recovery checklist below:
The True Wealth Script for Economic Recovery
• Investment-grade corporate bonds rally first,• then stocks rally. Around the same time,• the price of copper recovers.• The CILI (aka “Silly”) Recession End-icator goes up for three months. This is a ratio of “coincident economic indicators” to “lagging economic indicators.” Dennis Gartman, one of my favorite newsletter writers, pointed out this indicator has called the end of recessions with remarkable accuracy for 40 years. • The recession ends.• Consumer confidence indexes rise.
• Housing begins its recovery.
Now here’s the link to my story and accompanying You Tube video: http://www.mywealth.com/blog/post/economy-recovering-indicator-seems-think-so
Sean Hyman
Tags: blog, copper, economic, economy, forex, forex trading, index, invest, mywealth, rate, recession, Sean Hyman, ssi, stocks, video, You Tube
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