Monday, January 11, 2010

Copper Correction

Copper has enjoyed a spectacular run higher. In calendar 2009 as it emerged out of the stock-panic-induced commodities-price crash, it rocketed 153.2% higher! Such performance is just staggeringly good, even by the high post-panic standards. Over this same span the flagship CCI commodities index (which includes copper) only rallied 32.1%. And gold, which captivated traders in recent months, was only up 24.3% in 2009.

Ordinary copper, a common and cheap metal, was last year's commodities superstar. It brilliantly outshined the precious metals and even easily eclipsed 2009's massive 86.3% gain in crude oil. Investors and speculators like our subscribers who were long base-metals stocks rode this copper surge to tremendous gains. It's been an exceedingly fun and profitable rally. (more)

No comments:

Post a Comment