http://www.ibtimes.com/articles/20080418/copper-drops-below-p...
Dollar weakness is going to continue
Copper fundamentals are very robust given China's massive infrastructure needs.
An article detailing how China fuels base metal prices
http://www.business-standard.com/common/news_article.php?left...
"Copper has more than doubled in the past three years on increased spending on power plants, railroads and other infrastructure in developing nations including China"
"
Production disruptions have contributed to rising prices of copper. Rio Tinto, the world’s third-biggest mining company, said its refined copper production fell 23 per cent in the first three months this year from a year earlier because of lower metal content in ore mined at Kennecott in the US and Grasberg in Indonesia.
Refined copper output at Chile’s Escondida, the world’s biggest copper mine, was 21 per cent lower, the company said."
This article is dated April 17 2008.Nothing has changed in two days except for dollar strength.Time to buy commodities as weak late longs will exit .Buying funds will protect against the risks of futures trading .
$55.35 (04/19/08)
