Copper has already doubled this year so is it buy on anticipation, sell on news? Or is copper price action indicating better times to come for Economies?
"Latest figures for retail sales are better than expected, undergird hopes of economic recovery
Data showing that New York State manufacturing activity hit a near two-year high in September and a report showing prices received by U.S. producers up at a faster-than-expected rate last month bolstered optimism about the economy.
Copper prices have more than doubled this year, boosted primarily by record imports from China, strong speculative interest and macro-economic data signalling a possible recovery."
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About Me
- Robert Lewis and Jennifer Hodson
- Vancouver Island, British Columbia, Canada
- Jennifer believes we live in the garden of Eden and I believe that we are destroying it. Our saving grace is within ourselves, our faith, and our mindfulness. We need to make a conscious effort to respect and preserve all life.
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