Copper
Car Manufacturers Are Electrifying Copper, “The Metal Of The Future”
As many of you know, copper is often seen as an indicator of economic health, historically falling when overall manufacturing and construction is in contraction mode, rising in times of expansion. That appears to be the case today. Currently trading above $3 a pound, “Doctor Copper” is up close to 28 percent year-to-date and far […]
A Crisis Arrives In The South American Copper Market
Things are getting very tough in the South American copper sector right now. Even as copper prices have sagged to a month-low below $2.10 per pound, supply from some of the most important mining nations on Earth is looking dubious. One of the most critical spots is Chile. Where this week’s news on a potential […]
Copper Price: More Proof Of A Looming Recession?
Is Copper Price Foretelling Economic Doom? One thing is for certain… Industrial metals suffered mightily last year. But nowhere is the pain more obvious than in the copper market. The price of red metal has fallen nearly 30% over the past year and is down 50% since early 2012. And get a load of this… […]
Bears Take A Big Swipe At The Copper Price!
Copper Price: How Low Can It Go? Copper producers just took another haymaker to the chin… With the copper price sinking to new multi-year lows this week, miners like Freeport McMoran $FCX and Southern Copper $SCCO are no doubt feeling the pressure. One look at a copper chart tells you all you need to know… […]
Copper: Mixed Signals Have Investors Snoozing…
As you may know, there has been plenty of volatility in the commodity market the past few months. Energy, precious metals, and grains have all experienced significant price swings since July. But one commodity has been asleep… … Copper. The red metal has been trading in a relatively tight, range bound pattern for months on […]
Copper Bears Roar!
Copper took a big hit on Friday. The industrial metal fell a hefty 4.2% on news of a small Chinese solar company failing to pay interest on its bonds. Friday’s drop puts copper at $3.08 a pound, a stone’s throw away from the 52-week low set in August 2013. Take a look… Given the […]
Copper Bounce – More To Come?
Ask anyone who watches the copper market religiously and they’ll likely tell you the same thing… The past four months of trading has been akin to watching paint dry. The red metal has been stuck in a downright boring trading channel between $3.15 and $3.35 a pound since mid-August. Take a look… As you can […]
Copper Is Ready To Explode!
Copper bulls take note. Recent Chinese economic data supports the idea that the red metal is underpriced. Let me explain… As you may have heard, China’s September service purchasing manager’s index (PMI) recently came in at 55.4. That’s a very bullish report since a reading of 50 or higher represents an overall increase in Chinese […]
Two Charts You Have To See!
Investors received some great news out of China this past weekend. The country’s August merchandise trade surplus grew to $28.5 billion, up from the previous month’s $17.8 billion reading. What’s more, Chinese exports grew to 7.2% year-over-year. That’s much higher than analysts’ consensus estimate of 5.1%. What’s it mean? Quiet simply, the Chinese economy may […]
Commodity Trading: Bernanke Yanks The Rug From Underneath The Markets
What a mess… Yesterday was a train wreck for commodities. Trading screens were filled with red as investors reacted to Fed Chairman Ben Bernanke’s Wednesday press conference. Of course, not only were commodities sent sharply lower on Thursday, but equities followed suit with huge losses of their own. The Dow sank 2.4%, while the S&P […]
