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Copper About To Break Out

|Includes: iPath Pure Beta Copper ETN (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