Copper’s parabola mean reverts, quickly

In last weeks edition of my weekend Macro Extremes publication, the price of Copper appeared in the overbought quinella section.

But that won’t be the case his week.

The price of #Copper fell 23% this past week and it mean reverted.

Readers of my work will relate my warnings about mean reversion. This time, it happened very quickly.

But it’s not being ‘short’ Copper.

It was more about not chasing and buying at extreme levels, irrespective of the ‘narratives’.

p.s. this word “narrative” is doing much damage……

August 2, 2025

rob@karriasset.com.au