Copper continues to rise, hitting near all time highs. Here is the chart for the JJC copper ETF:
Copper is described as a bellwether for the global economy as it is used in housing and industry. By the same token, it can go down hard if the economy goes south.
Analysis:
We track all commodity ETFs live here.
JJC has rises +165 since Jan 2009.
Note also the good performance of BDD, which is a double long metals ETFs, including copper (and aluminum and zinc).
Friday, November 5, 2010
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