Copper Ominous Forecast

By: readtheticker | Thu, Mar 31, 2011
Print Email

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.

Copper update..

Larger Image

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/