Katchum's  Instablog

Send Message
Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
My blog:
Katchum's Macro-economic blog
  • Copper Price To Go Up According To Contango Report 0 comments
    Dec 5, 2012 11:26 AM

    There is something odd about this chart.

    Normally when the red dots go up (widening contango), the blue dots go down (lower copper price). Lately, copper deepened its contango, but the copper price didn't go down.

    In a previous post I pointed out that you should be bullish on copper and stocks when the contango is high and peaks out. That is exactly what is happening now. Copper contango is highest since May 2012.

    So if all goes well, we should see copper go up (together with stocks).

    (click to enlarge)

    Chart 1: Copper Contango Vs. Copper Price

Back To Katchum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.