Forget Oil, Base Metals Collapse 50% From 2011 Highs

Wednesday, November 11, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/11/2015

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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