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Fedexpress...Why are you so negative on the price of copper? Do...

  1. 148 Posts.
    Fedexpress...

    Why are you so negative on the price of copper? Do you really think it's going to drop by 1/3 from its current price between now and the end of 2007?

    Look at the copper chart....of ANY time frame. Sure, it may look a tad over-cooked right now, but that is a text-book uptrend and show NO sign whatsoever of failing. Until it breaks its short/medium or long term uptrend then there is absolutely no cause for concern.

    If you don't like charts, then research the fundamentals....they're even more compelling.

    I see no reason to assume lower copper prices at this stage.

 
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