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Saul Mine
Penny Collector Member
USA
343 Posts |
 Posted - 04/05/2009 : 23:33:33
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Copper: A Long Term Opportunity In The Making
Sol Palha
Men never plan to be failures; they simply fail to plan to be successful.
- William A. Ward
While the majority were panicking and turning more bearish with the passage of each day, we noted that copper was giving of an early warning signal of impending change.
It is said that the economy usually mimics the copper markets and upon examining the copper charts, it appears that the economy and copper are trending in the same direction. Copper appears now to be closer to a bottom than a top and hence from this, we can infer that the markets are also close to putting in some sort of bottom, if one takes a long term perspective. Copper has a tendency of putting in a bottom well in advance of the markets and the economy, and it provides an early warning signal of a potential change in market direction.
Full article:
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A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 04/10/2009 : 20:10:35
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| April 10, 2009. Copper @ $2.05/lb. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/10/2009 : 21:04:52
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| Thanks for the great read Saul. |
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Think positive. |
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n/a
deleted
478 Posts |
Posted - 04/13/2009 : 09:43:56
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I'm buying some copper stocks as they have been beaten down pretty hard. Southern Copper and Freeport. Getting some good returns! Also, Alcoa is trading at less than $9.00 a share! If you think inflation is coming, one of the first places it will hit is the metals. Stay diversified.
Hecla Mining -silver- (HL) up 10.90% today
Alcoa Aluminum (AA) up 3.39% today
Southern Copper -copper, silver, gold,others(PCU) up 6.56% today
I'm like the rest of you guys and think hyper inflation is just around the corner. You still need to be invested in other things as well. NEVER put all your eggs in one basket. Just posting this for information only. Do your own DD.
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Edited by - n/a on 04/13/2009 15:36:09 |
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Copper: A Long Term Opportunity In The Making
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