GREY:RHWKF - Post by User
Comment by
CuAndAuon Aug 12, 2013 11:02am
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Post# 21663561
RE:retrying previous chart post
RE:retrying previous chart post
Thankyou. Its nice to see a longr term copper price chart to put corrections into perspective.
I noticed on the previous chart that every time after a significant correction, copper took off. We
have seen the balance of the latest significant correction so if copper follows along as it has previously,
we should see prices stabilize ...lookslike we're at that point presently and start moving back up ...
indications we may be moving out of the stabilixation period. Hope so.
When you take the volatility on the short term price chart on copper agst this longer term one, this
corrections looks like a healthy occurrance. All those filled warehouses loweing and demand moving back
to normal, summer demand being higher than normal, new mines and projects projections not coming
online for various reasons..miost importantly the lack of support infrastructure and miners rethinking getting ambushed by surprise royalty hikes, stable Arizona for copper like Nevada is for gold, looking better and
better as a destination for a new project like RDK's Copper Creek to come online.