Copper and the cheap money
Warren Buffet summed it all up with his speech in Omaha: "QE is like watching a good movie, because I don't know how it will end." After all, we know that due to the interest rate reductions by the ECB and the massive purchase of government bonds by the FED and the Bank of Japan, money will continue to remain cheap. For how long is written in the stars, but it is certain that the medicine of cheap money will only work with higher and higher doses and that so far, a truly sustainable economic recovery has remained absent. No wonder then that copper and other commodities are only reacting very sluggishly to monetary policy measures. The [...]
Copper news - Copper approaching a new high?
After a poor last quarter in 2012, economic data around the world is slowly improving and the US stock market, at least, is already trading at close to its old record levels. These are also good signs for copper prices, which are driven by increasing industrial production and newly accelerating demand from China. The last price forecasts by investment banks and analysts are already much more optimistic than those a few months ago, and some experts forecast copper prices of up to USD 9,000 in the second quarter of 2013. We are also cautiously optimistic and expect copper prices within the range of USD 7,500 – 8,800 in 2013, where [...]
Official German electrolytic copper listing
|Year 2013||upper DEL [EUR]||Reuter FX1 EUR/USD|
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