RE:Uh oh!So Goldman is forecasting $1.75 copper. They also have a $5.50 price target on FM, recently upgraded from $5, where as all other analysts have much higher targets, higher than $10. He says the market is oversupplied, although the data today says we are in deficit. He says China demand is weak although their copper imports were up last data release. When oil was tanking last year they called for sub $20 oil. Sorry Goldman you don't have me. Copper is above 200 mda and this time I think it will hold. Market fundamentals are different now.
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