CCU - Copper Strong - OpinionDa Rock likes Edelson's conclusion................new highs befo' yearend!
Just da way I see dat!
HardRock
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https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=81124
www,miningweekly.com
Updated Profit Roadmap!
by Larry Edelson
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Let's now take a look at one of the most economically sensitive metals in the world, copper.
Question: If theglobal economy is in such bad shape, don't you think copper's price —extremely sensitive to business conditions and real estate — would havetumbled more than it has on this chart?
Heck, yes! This chart of copper is extremely bullish. It shows massive support at the $3 level, and at $2.50.
More importantly, itlooks to me as if copper has already bottomed with a test of support atthe $3.30 level, hitting the major uptrend line right on the nose. Myview on copper: Its one heck of a bull market, and new highs should beseen before year-end!