Forget Oil, Base Metals Collapse 50% From 2011 Highs

Wednesday, November 11, 2015
By Paul Martin

by Tyler Durden

Bloomberg’s global commodities index is testing fresh 16 year lows but this is often excused on the basis that it includes crude oil weakness – which will mean-revert higher any day now. Perhaps the bigger, even louder warning signal is directly from the basest of base industrial metals… which are now down 50% from their 2011 “reflate the world” highs.

The index – based on copper, aluminum, zinc, nickel, lead, and tin – is not flashing ‘recovery is coming’ headlines…

The Rest…HERE

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