By Michael Snyder
Is the price of copper trying to tell us something? Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months. And now it appears that another big decline in the price of copper is starting to happen. So far this year, the price of copper has dropped from a high of $3.40 back in January to a price of $2.95 as I write this article, and many analysts are warning that this is just the beginning. By itself, this should be quite alarming to investors, but as you will see below there are a whole host of other signs that a stock market crash may be rapidly approaching.
But before we get to those other signs, let us discuss copper a bit more first. I cannot remember a time since 2008 when there has been such an overwhelming negative consensus about where the price of copper is heading. The following is from a CNBC article that was posted this week…
