BxCap

Copper Breakout Defies the Gloom Merchants

Business writers have deadlines. When they have to push out an article on why copper futures are down, they reach for their 2004 Almanac and see that 400 lbs of copper is used in the average US Home. That's all they need. Whether hybrid batteries, emerging market electric grids, electronics, and the like, need copper is irrelevant. They've got a deadline, and they have to keep it simple. You can't site statistics or graphs, until the numbers are generated and tallied, therefore most people look backwards into history to explain history. Few, like Heebner or Lynch, walk around with their eyes and minds wide open, processing information in real time.