Copper . . .

Futures on the LME hit a 6.5 year high and the March Copper contract rose to the highest level since July of 1997 at $1.14 lb.

http://biz.yahoo.com/rm/040130/minerals_copper_1.html

 

Yes, the spreads on the COMEX have moved as well. Nice trend, but looks a lil parabolic.

 

Take a look at the chart of Phelps Dodge (PD).

Simply unreal!

:eek:

 

Oh yeah thats right PD tracks copper.

 

Up strong again today:

$79.72 +$1.92

 

Going to the moon again:

$84.10 +$4.40

 

Amazing !!

 

COPPER HITS $1.30 and PD at $84.00!!!

 

Waggie, I hope ur long.

I'm just a spectator on this one....... as opposed to a speculator.

But it's so true about correlations..This move is a reminder for me to always keep an eye on those relationships...

Copper and PD

Aluminum and AA

Drug sector (multinational) & currency exposure.



J-Law

 

Silver and PAAS, SIL, SSRI ...