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Pigs Flying, Cows Jumping

Copper : As I pondered this article I was drawn to the Copper market. In my experience, not since the Hunt Brothers Silver trade of the late 70’s through the early 80’s have I witnessed a market that defied common sense and logic to the degree of the Copper Market of 2006. I have to admit one of the features that has drawn me to this industry for over thirty-one years is that one man’s logic is another man’s folly. The key is being able to discern when one is logical and a when one is being stubborn.

Going back to November of 2001 Copper was valued at slightly above sixty cents a pound. Copper pretty well stayed in a range from the seventy cents to eighty cents a pound until late 2003. If in late 2003 I would have been told that Copper would go over four dollars a pound I would have said, yeah and pigs fly and cows jump over the moon. Well somewhere in this world pigs started flying and cows started jumping because that is exactly what happened as Copper topped out (at least for the time being) at four dollars and sixteen cents a pound on May 1, 2006. Read more...

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