Focus – COPPER


Copper:  Balistic boom is followed by catastrophic burst

“U.S. demand for copper may have reached a bottom amid government plans to boost spending on infrastructure and revive the economy, said the head of Codelco, the world’s biggest producer of the metal.”  more here Link

Hmm these words from biggest producer of copper make sense in my opinion. Copper is one of the  leading economic indicators from basic materials. Anyway the trajectory of future rebound is unknown but we can say we have some bottom at least for now.

Copper monthly chart below.

copper

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: