Only 24 hours ago threatening to take out lows going back to November, copper continues a sharp...

|By:, SA News Editor

Only 24 hours ago threatening to take out lows going back to November, copper continues a sharp reversal, back over $4.0/lb. Copper traded in Shanghai is in backwardation, indicating at least near term supply tightening. Could Freeport-McMoRan (FCX) bounce hard off the $48 level again?