Uncertainty is rising and so volatility and volatility is
a matter of concern. Copper outlook is bullish in long term while now short to midterm
became positive.
On weekly
another positive indication we are getting as taken out a trend resistance line
and given a positive settlement which may hinting to get copper at psychological
mark of $4/lb.
Everybody is talking about QE, it is almost certain more
QE globally may today or tomorrow but if no QE anyway, then what (?), do you
think all the metals and precious metals will fall and will be very cheap (?)… may
there will be a sharp and sudden reaction pull prices down which will be very
much temporary, investment demand and supply disruption and supply worry will push prices higher even for a new record.
Copper is tending to become semi-precious, the oldest metal of human generation.
NB: This for sharing thought and interest, not a trade recommendation.
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