The weekly chart of Copper futures shows that Copper is in a strong uptrend.Now look at the bottom pane. Volume since the beginning of 2011 has been going up exponentially.
Copper is in a speculative bubble. Bubbles can last longer than we can imagine - but, in the end, they end ka-boom.
Given that copper has a strong correlation to the S&P500 Index, well ........ ?
I'll leave that with you.
I'm now thinking of changing my pseudonym to Dr Doom - but that's already taken. :)
Good luck
Red
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