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Any Q2 rally in Copper prices should be shorted: Barclays

Posted on 16 April 2013

Sentiment at this year’s CESCO copper week, in which producers, traders, consumers, investors and analysts get together, was bearish with consensus expectations for surpluses over the next couple of years and a downward trajectory for prices.
“We maintain our view that any Q2 rally in copper prices should be shorted,” Barclays said in a report. There were no significant downgrades to any specific mine production expectations for this year although risks of further labour disruptions in Chile are fairly high given it is an election year………………………………………..Full Article: Source


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