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Copper traders diverge from hedge funds on recovery: Commodities

Posted on 08 March 2013

Copper analysts are the most bullish in five weeks because of mounting optimism the global economy is strengthening, diverging from hedge funds holding their biggest wager on a retreat since August.
Thirteen analysts surveyed by Bloomberg expect prices to rise next week. Four forecast declines and three were neutral, for the highest proportion of bulls since Feb. 1. Goldman Sachs Group Inc. recommended March 1 buying the metal for a 16 percent gain in six months………………………………………..Full Article: Source


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