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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
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Katchum's Macro-economic blog
  • Copper About To Break Out 0 comments
    Dec 9, 2012 11:36 AM | about stocks: CUPM

    Dan Norcini from KWN Metals Wrap has confirmed my bullish prediction on the copper price:

    "The copper market is in an uptrend. The copper market looks like it is going to break higher due to an improving economy in China and the improving housing market in the U.S. If copper is going to make a run higher, silver is going to go higher and the bears are going to have to cover."

    Let's see what the coming months will bring. If Dan and I are right about a break out to the upside in the copper market, this could spark a run in the commodities and stock markets.

    Chart 1 indicates that a huge move is about to come, as we are nearing the end of a wedge pattern.

    Chart 1: Copper Price
    Stocks: CUPM
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