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Copper bottomed

Posted on 14 March 2014

Copper has fallen sharply in the last week, reaching its lowest level in nearly four years. The metal is traditionally seen as a barometer of global activity although this very long-term chart (which we ran near the market peak in 2011) doesn’t suggest a great deal of reliability. (To update the price from the graph, it is now around $6,400).
The price was falling for much of the 1990s when the economy was doing very well indeed. Nowadays the copper price may say more about events in China than elsewhere; although that still is useful………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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