Copper is a great indicator of overall economic activity. Notice that we're seeing prices near their highest level in five years. In addition to a declining dollar, this also indicates demand is strong, which should bode well for the new year.
Wednesday, December 29, 2010
Does Copper Bode Well For the New Year?
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Copper is a great indicator of overall economic activity. Notice that we're seeing prices near their highest level in five years. In addition to a declining dollar, this also indicates demand is strong, which should bode well for the new year.
Copper is a great indicator of overall economic activity. Notice that we're seeing prices near their highest level in five years. In addition to a declining dollar, this also indicates demand is strong, which should bode well for the new year.
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Copper might have been a great economic indicator in the past -- but that was before a single trader captured 80-90% of the copper traded on the LME.
http://online.wsj.com/article/SB10001424052748704118504576034083436931412.html
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