Gavekal Capital: Dr. Copper's Prognosis Rehashed

Monday, February 3, 2014

Dr. Copper's Prognosis Rehashed

The other day we highlighted here the worrying signal copper prices were sending and noted the metal's price was at a critical juncture. Well with today's action Copper has indeed broken through the rising trendline that has provided support for the last six months. This is but one data point, but this sort of behavior is not what we would expect if global economic activity was accelerating, to the contrary.

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Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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