Amazing!
When I made this thread I never thought copper would reach this high this fast.
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Amazing!
When I made this thread I never thought copper would reach this high this fast.
Here's an interesting article on the performance of selected copper stocks over 2009.
A couple of points. I think they have their "high" and "low" columns transposed?
The figures for BHP and RIO looked a bit high to me - then I realised they are shown in GBP!
Unfortunately, they don't include OZL.
http://www.mineweb.com/mineweb/view/...5824&sn=Detail
AMAZING!
Copper prices is at pre financial crisis levels. Who would have thought copper prices would go back up so fast? Just simply amazing.
I suspect the new electric cars and hybrid will need alot of copper.
I hate to mention it doc, but "brokers" are tipping base metals, including copper, to "take the brunt" of commodity price falls during 2010.
Bur what would they know?
:D
I hold BHP, OZL.
http://www.thebull.com.au/articles_detail.php?id=8745
I ve been keeping an eye on OZL lately, again. :) Havnt been keeping a close eye on it since my profitable foray when the Chinese took interest.
Would you believe it..
Equity sharp downward corrections...
VIX (fear index) huge rise in volatility..
Permabears roars are deafening.
My email box full of doom from the Death Merchants Prectner Roubini etc telling me "we told you so but you didn't listen"..blah ...blah...................
.............. but copper rose last night.
Definitely tells you the world's not ending just yet:D maybe next week;)
Of interest a copper chart in Aust $$$ that a drew up thats more revelant to this thread...still looking good huh Macduffy no probs yet
http://i458.photobucket.com/albums/q...st22012010.png
Well, it looks like copper have finally given in to the market weakness. :eek:
Lucky OZL is cashed up this time round. Will have to wait till OZL and copper price to bottoms yet again.
Terry Burgess, CEO of OZL, explains why he's bullish about copper.
http://www.businessspectator.com.au/...cument&src=kgb
McDuffy, link is broken. Cant get article.