Copper at an Intriguing Crossroads
I realize that gold and oil were last week's big stories, but what about copper? To my eyes it is sitting at an interesting crossroads.
First turn your attention to its action on the Friday after Thanksgiving. While the stock market was still heading south, copper had already made a lower low and turned upward. The following week, after the coordinated central-bank intervention, copper refused to make a higher high as the stock market struggled to eke out further gains. The metal did not retreat, but it did not continue upward....367 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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