Dr. Copper says, “don’t worry, be happy.”
Posted By Mike On Feb 11, 2010 @ 6:09 am In Uncategorized, charts, commodities, technicals | No Comments
Copper is an excellent guage of animal spirits. It was one of the biggest winners of 2009 ($1.30 to $3.50) and one of the biggest losers since January (it fell to 2.80). Note that overnight it has broken out of and successfully tested the line containing its downtrend:
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