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Iron And Copper Continue To Decline As China Economy Slows (Low Oil Prices Hurting Saudi Arabia)

This is a syndicated repost published with the permission of Confounded Interest - Online Course Notes For Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I thought the top news of the day was Lindsay Lohan announcing her candidacy for President of the USA, but the decline in iron and copper prices seemed more relevant.

China is indeed slowing in terms of economic growth. And taking iron and copper prices down with it.


Then there is oil. Even Saudi Arabia is delaying payments to government contractors as the slump in oil prices pushes the country into a deficit for the first time since 2009.


I never thought I would mention Saudi Arabia and Lindsay Lohan in the same article.


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