I'm starting to feel like Dr Doom. :)
Above is a weekly chart of Copper Futures.
Take a gander at the bottom pane - volume.
Since the beginning of 2011 it's been extending upwards exponentially.
Copper is in a speculative bubble.
Speculative bubbles can extend upwards for longer than we imagine. But, eventually, they end badly.
Given the high correlation between copper and the American market ..... ?
I'll leave that with you.
Good luck
Red
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I'm starting to feel like Dr Doom. :)Above is a weekly chart of...
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