Copper has been strong last 3 days. It's on a nice uptrend since the mid-november swoon. $3.80 level remains huge for the bulls... and that was last printed back in January of 2012.
Can copper (HGH3) get to 3.80 ? It's just meandering around here between 3.65 and 3.76. It has a shot if it breaks about the year's high (3.76).
Friday, the entire metal complex was down...despite roaring equities and a steady crude oil market. Right now I'm feeling the "froth". What is this telling us ?
inflation will send metals.. commodites up.. the Global economy could recovery on a positive feedback look.. even though its built on smoke and mirrors.. so you could have inflation and demand increase.. you seem to be very stuck on a bearish copper story...
Copper rose after suggested US recovery By Thomson Reuters - Tue 29 Jan 2013 08:14:23 CT London copper rose after a business spending survey suggested a recovery in the United States was taking root, but gains were capped amid caution ahead of a Federal Reserve policy meeting and a raft of U.S and China data this week.
Copper being held up by hopes that China will start to boom again. US Housing numbers...fair-at-best...not a huge factor.