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