Copper Mountain Mining Corporation T.CUM

L19: S&P Futures

[M1DAS]

all good until CUM explodes HIGHER takeover always looms LARGE imo

fwiw NET trading in August was $90M dollars x $6.35 avg

approx 14.4% of the outstanding shares traded hands in August

NET trading thus far in September is $6M dollars x $6.60

200MA is $6.69

RTQ is $6.19

GLTA

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The Globe and Mail reports in its Tuesday edition that if copper is worth its mettle in predicting the financial future, it appears the global economy may not be headed off a cliff after all. The Globe's Brenda Bouw writes that despite a growing number of indicators that global growth is slowing, the steady price of the red metal, dubbed "Dr. Copper" for its ability to diagnose economic activity, is signalling the economy may not be as sick as it seems. In fact, copper looks relatively healthy right now considering the recent commodities sell off. Copper averaged $4.20 per pound in August, not far from a record $4.60 set six months ago, and dipped only briefly below $4 during the recent market turmoil (all figures U.S.). On Monday, it closed at $4.06, still considered resilient and at a level that remains highly profitable for most mining companies. Investors believe China's double-digit economic growth will continue to drive demand for copper for years to come. Miners are also counting on regular supply disruptions and new project delays to prevent the price from falling long-term, as predicted. Barrick made its bet, buying copper producer Equinox Minerals for $7.3-billion earlier this year.