That's right. What's interesting about analysts views of future prices (not just copper but anything) is that if they are cutting forecasts now, then doesn't that mean they got their original forecast wrong? Economists and broker analysts in general I have found to be notoriously bad at predicting future prices of anything, and tend to adjust their predictions when they see that they clearly had it wrong. It's just playing catch up to the current trend.
I am sure we will find that in a few months time, some analysts will change their mind again and provide an upbeat prediction for copper. I tend to do the opposite of what economists and analysts think, it tends to work out a winning formula.
TGS Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
