The monthly Copper MMI® registered a value of 70 in February, a decrease of 11.4% from 79 in January.
Yes, you read it right, a more than 11% drop in a month. Did we predict copper falling 11% in January? Hell, no! But, did we tell you not to buy? Yes, we did, my friend. What we said last month:
“Copper prices might look like a bargain, but, in a falling market, what seems cheap can become way cheaper. Stay with with the trend.”