China is now the engine that drives the world economy. The first chart is the FXI -- or the ETF for China. Notice it is near yearly lows and is also in a clear downtrend. The second chart is copper, which is used in everything. Hence, demand for the metal is a good indicator of the economy's overall health. Notice that this chart is also near a yearly low and is also in a clear downtrend.
When the word's growth engine is a downtrend and the primary industrial metal is in a downtrend, you know there's a problem somewhere.
