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Copper ETF Rally has Plenty of Doubters

Posted on 22 November 2016

Industrial metals like copper, nickel, iron and steel have all rebounded in recent months as traders bet on improving global economic conditions would bolster demand for the base metals after prices hit multi-year lows.
Just look at the iPath Bloomberg Copper Subindex Total Return ETN. The benchmark copper exchange traded product has surged 20% this month, but that rally is not without its detractors. In fact, many commodities market observers feel that the red metal’s recent run higher is not sustainable…………………………………….Full Article: Source


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