Copper trading below its 50-day moving average with limited headroom to the 200-day moving average suggests that if the 200-day fails to hold, it signals the market believes a global recession or depression is possible due to prolonged Strait of Hormuz closure.
causalpending
Speaker
Eric TownsendEvidence Quote
“We're well below the 50-day moving average...not a whole lot of headroom left above the 200 day moving average. If that 200 doesn't hold...it's a signal that a global recession or even depression is not out of the question. [1:31:52]”
Created: 8/12/2026, 5:52:35 PM
My Notes
Loading notes...