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Investors should bet against copper, Barclays says

Posted on 01 October 2008

From Bloomberg: Copper will average $5,000 a metric ton in the first quarter, about a fifth less than today, and betting against the metal is one of the lowest-risk trades in commodities right now, Barclays Capital said.

Copper for immediate delivery will average $5,500 in the fourth quarter, and $5,000 in the following three months, Kevin Norrish, an analyst at the bank, said today in a report. “One of the lower risk trades within the commodity sector is to be short copper,” Norrish said…… Full Article: Source


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