From ZeroHedge:
What a difference a day makes. On Friday, Doctor Copper was surging on the back of dismal home sales data and the hope of moar money; today, following the terrible durable goods data, the economist-metal is plunging rapidly.
We mentioned critical levels for copper yesterday and questioned the sustainability of the recent rally in light of the cash-for-copper financing deals; it seems that anxiety is leaking into prices (as we are not seeing broad weakness anywhere else).Here's the Commerce Dept's durable goods release.
