Contrarian Stock Market Investing News - Featuring Bargain Stocks » Copper Production http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 An Upbeat Copper Outlook http://www.contrarianprofits.com/articles/an-upbeat-copper-outlook/1511 http://www.contrarianprofits.com/articles/an-upbeat-copper-outlook/1511#comments Wed, 23 Apr 2008 11:35:30 +0000 Charles Delvalle http://www.contrarianprofits.com/articles/an-upbeat-copper-outlook/ Some say that if the U.S. economy begins to shrink, we’ll see demand for metals drop, especially copper. Well, it doesn’t matter if the U.S. is in a recession or not because copper demand will continue to grow thanks to emerging economies like China, India and Brazil.

Mix this in with sporadic strikes that cut back copper production and you have a clear cut case for higher copper prices in the future.

Just take a look at a chart of copper to see what I’m talking about…

As you can see, the price of copper has been rising since late 2001. But since 2007, copper prices haven’t passed the 400 level. Even with that happening, copper continues to make higher lows.

This forms…

]]> Some say that if the U.S. economy begins to shrink, we’ll see demand for metals drop, especially copper. Well, it doesn’t matter if the U.S. is in a recession or not because copper demand will continue to grow thanks to emerging economies like China, India and Brazil.

Mix this in with sporadic strikes that cut back copper production and you have a clear cut case for higher copper prices in the future.

Just take a look at a chart of copper to see what I’m talking about…

As you can see, the price of copper has been rising since late 2001. But since 2007, copper prices haven’t passed the 400 level. Even with that happening, copper continues to make higher lows.

This forms an inverted triangle pattern. Over time, we should see copper not move under the blue line and continue to rally back up to the red line.

But if copper can manage to breakthrough 400, then we should see copper rally hard.

The best way to take advantage of this is to buy Southern Peru Copper (PCU) as soon as you see the copper prices break through the 400 level.

And if you want an option to play, you can be sure that I’ll be recommending one to readers of IDE’s Global Profits Hotline.

Good trading,

Charles

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