re: copper US housing slowdown will affect copper prices because all the sheep will act according to their 1990's style broker reports stating that "a US housing slowdown shall spell doom for copper".
It doesnt matter because following that, the inevitable rebound in copper prices stemming from chindia demand will hopefully wake you up to the new world. Newsflash, the US isnt the centre of the universe, the US consumer is having a weaker influence on global economics and the US dollar is no longer the central bankers currency of choice!! IMHO a copper retrace is a buying opportunity.
must be lonely in the bear pit, page-25
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Last
7,817.9 |
Change
54.700(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,829.3 | 7,763.2 |
| XJO (ASX) Chart |