Copper has given back the entire year's gains in one move via an Eiffel Tower formation, returning to 6-month lows, and whether copper puts in a durable low will indicate whether the tariff-driven move was just trader positioning or a genuine recession signal.
factualpending
Speaker
Patrick SesnaEvidence Quote
“we just basically saw an Eiffel Tower formation develop on copper as it literally gave back the entire year's gains in one fluid motion...we are now back to the uh lows where we were trading for over 6 months [1:13:21]”
Created: 8/11/2026, 7:06:30 AM
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