The iPath Bloomberg Copper SubTR ETN (JJC), which closely tracks copper prices, declined to as low as $23.44 on Friday November 20th to meet our $23.75 initial downside target, first mentioned in our November 16th Keys To This Week report, to capture a 5.5% decline in just 5 trading days.

Here is the chart from our November 16th report.

Chart 3 from the No 16th Keys To This Week
Chart 3 from the November 16th Keys To This Week

Here is the current chart updated through November 20th. Declining copper prices keep recent fears of global deflation alive.

JJC through November 20th
JJC through November 20th

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