copper price

copper hasn't had the best of times lately. A sagging US has resulted in a drop in demand. Also China's exports are suffering as a result of the us drop in demand for chinese goods. Stockpiles of copper have been increasing. Generally of late it hasn't been a good look for copper.

But a new force is just starting to kick in. The USD is weakening against many currencies and therefore many countries are finding that the copper price is now becoming more attractive to them. This is the reason given for the reversal in coppers fortunes last night.

I suspect in the world there may be some minds even brighter than the ones on HC. Many probably saw this coming and have likely been hanging off buying up copper waiting for a weaker USD.

If copper can find a bit of strength I see no reason why MRX shouldn't as well.