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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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  • Copper Contango Experiment: Update 1 comment
    Feb 4, 2013 4:12 PM | about stocks: CUPM

    As predicted two months ago, the copper price has made a huge move upwards to $3.75/lb (Chart 1). Investors are worrying though, as the U.S. dollar is now strengthening again while stock prices decline. But I assure you that as long as the contango in copper doesn't fall down, the copper price will keep increasing. I will bet my copper contango theory on it. So don't count out the rise in stock prices just yet.

    (click to enlarge)
    Chart 1: Copper Price

    As a matter of fact, the copper contango widened this week, again with a rising copper price. That means we are still awaiting the massive spike upwards in copper.

    (click to enlarge)
    Chart 2: Copper Contango Vs. Copper Price
    Stocks: CUPM
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  • Ambil Kembali
    , contributor
    Comments (121) | Send Message
    I must note that the Government of Canada has stopped coining pennies. It cost more, per penny, than one cent CDN...
    4 Feb 2013, 05:41 PM Reply Like
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