Tuesday, January 13, 2015
Oil crash a flash in the pan? Dr copper says not.
For those who say that oil prices are down due to manipulation and not supply and demand, pray tell, who is "manipulating" copper down at the exact same time, for what reasons? Is somebody going to suggest that this is an attack on Mexico? Of course not. A collapsing commodities complex plus collapsing shipping costs and falls in all fuel types cannot be precipitated by any market player. This deflation is structural. Rates are destined to go negative.