Copper Ominous Forecast
When copper rallies the news stories posted are: World demand represents copper bid, China is growing fast it needs copper for its expansion, Emerging Market growth demands more copper. So what do they write when copper looks like the BID id fading. Nothing, as up markets sell the news better than down markets.
Copper is looking like a 'world of worry'. Has China stop buying ! What about Japan's re build? Is it seasonal down period, whatever the BID has gone in this market. We expect more selling. A more complex sideways pattern is expected, not a crash as in 2008. Knock on wood !
Australia is a major exporter of copper. Aussie dollar rallied on copper rising in price, what say when copper falls in price, what then for the Aussie exporters.