Can Copper Save Commodities? Global Economic-Stress Leanings - "May you live in interesting times" is playing out in commodities in 2025, with high-stress implications for the global economy. Record-setting, risk-off and top-performing gold sits atop the warning radar -- especially with most risk assets still rising. Declining crude oil, natural gas and grains are showing deflationary leanings that typically follow spikes akin to 2022. Low-price-cure cycles can be long slogs. The year's close could set the market tone for years, and copper and the industrial metals appear to be in a must-go-up-or-else predicament. The economically sensitive metal traded in the US dropped back to an enduring uptrend line after collapsing from a record. All eyes may be on copper into year-end. Up about the same 10% as the S&P 500 to Aug. 28, if the metal falters, dominoes could tumble. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t1r2qbgq1yxr {BI COMD} #commodities #gold #crudeoil #copper @BBGIntelligence(Mike McGlone)