From: WEALTH DAYLY: Why Copper Prices will Rise
https://www.wealthdaily.com/articles/why-copper-prices-will-rise/4564
Forecasting Copper's Future
By Marcelina Hardy
Thursday, August 8th, 2013
Copper goes down, and then copper goes up. Will it continues to rise, or will it turn around and go back down again?
Investors are scratching their heads as they analyze what is going on with copper. It’s all up in the air right now, as everyone waits to see what the U.S. will do.
On Monday of this week, copper prices declined to $6,975 a tonne from $7,005 a tonne last Friday. But today, it rose to $7,157, the highest it’s been in two months. In June, it rose to $7,180, but of course, it also declined steadily since that time.
Ross Strachan from Capital Economics told Reuters:
“The data out of China has provided some reassurance that demand is not dropping off a cliff, but there are still some significant concerns about the Chinese economy and the knock-on effect for metals demand.”