Copper Price At Record Lows: We Were Bearish, We Are Still Bearish

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Copper is in a bearish market and, in a bearish market bad news is exaggerated while good news is de-emphasized. We warned of this last December when we said: “We expect prices to continue in the major trend, remaining below $7,500 per metric ton and wouldn’t be surprised to see prices reaching levels below $7,000 per metric ton.”

 

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