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Copper is nearing an all-time high. The copper market has a nickname: “Dr. Copper”. That name comes from the old adage that copper has PhD in economics – when it’s hot, you can expect a strong economy on the way. As we near the unleashing of another multi-trillion-dollar round of stimulus, it makes sense that copper has run so far. The vaccines appear to be working. The pandemic is almost behind us. Economic confidence is bubbling over. The upshot is the potential for inflation on the horizon. But that also means a likely uptick in feelings of wealth among developed world populations. When we have seen such high economic confidence in the past, we have seen asset bubbles and surging demand for luxury products. ....