Market Watch with Tom Waitt

June_8th_2011.mp3 Copper-tone    The World is watching for signs of economic growth as stimulus packages have succeeded in doubling stock prices but have had little impact on unemployment levels.   Copper, High Grade COMEX (Click For Larger Picture) Economic recovery or double dip? Is more stimulus spending required? Concerns of slow global growth permeate every newscast. What indicator should we watch to gage the economy of the future? Recessionary fears are affecting communities globally and many are wondering if the situation is getting worse or if there is some improvement underway. Many gage the U.S. dollar value or bond yield levels but both these indicators have been influenced by massive deficit spending plans globally. Gold is an indicator of fear and uncertainty not of economic activity. Historically copper prices have been a more accurate indicator of economic activity. Copper prices soared in 2009 rising 262%, in 2010 copper rose 32%, to date in 2011 copper is dow