Copper and steel prices and technical charts manifesting worldwide depression
Peter Oberois
Mar. 4, 2007

The long term one hundred year cycle, sixty-year cycle and the twenty-year cycle have topped out last year in the middle of chaotic price rise and mergers and acquisitions. The price patterns show the exact replica of any typical commodity’s boom and bust cycle.

The copper and steel recycling creates the huge supply after the shortage creates extreme rise in price. The same happened again. The recycled copper and steel are back in the market. But now the demand is slowing very fast. As a result the analytics and the quantitative models are showing signature of price collapse in steel and copper prices.

The euphoria in steel merger and acquisition as well as price bubble in copper is now getting reversed. The problem is copper and steel prices always lead the world economic boom or recession. Copper has a 70% decline from where it is today. The steel prices can have 85% decline from where it is today. For copper, the price really reaches the year 2000 level. But that kind of drop has extreme negative effects on the economy and the stock markets.

Copper and steel charts are manifesting probable worldwide depression – the worst kind imaginable.

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