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Dr. Copper's Feverish History

By Candy MathesonCommoditiesApr 27, 2021 01:06AM ET
www.investing.com/analysis/dr-coppers-feverish-history-200575495
Dr. Copper's Feverish History
By Candy Matheson   |  Apr 27, 2021 01:06AM ET
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In a nutshell...straight up...straight down. Is this time any different for copper?

Historical "mean" value is around 2.50, as shown on the following monthly chart, while it's had difficulty remaining above 3.00 and, especially, above 3.50 for any length of time.

What has actually, fundamentally, changed today since March of 2020 that suggests the current sky-high price is warranted and that it will remain so in the long term...versus pure speculation for some kind of uncertain future demand? 

While the writing of new political policies may be quick and a knee-jerk reaction to some people's fanciful wishlist and perception of reality, passing them into law and quickly implementing them without cannibalizing and destroying one's economy in the process is another reality.

Dr. Copper is likely caught up in such a feverish drama and headed for a nosedive sometime soon. The question is, will it drop below 3.50, or even 3.00?

Copper Futures Monthly Chart
Copper Futures Monthly Chart

Dr. Copper's Feverish History
 

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Dr. Copper's Feverish History

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Comments (3)
Carl Zimmermann
Carl Zimmermann Apr 27, 2021 7:25AM ET
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It will keep going, The train not slowing down anytime soon$$$$$$$
Ricardo Diogo
rcd72 Apr 27, 2021 1:54AM ET
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whow! something about copper prices written by a human ( it is becoming scarce) and even more, from the real world!congratulations!
ECL SALES
ECL SALES Apr 27, 2021 1:05AM ET
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Cooper would go down only in the event of Dollar spike. And Dollar would spike only during the next bear market for Stocks. And the next bear market would come whenever the current rampant speculation across asset classes esp. crypto cease due to rate hikes or inflation or any other reason. Till then, have fun till it lasts. The history suggests it doesn't last forever.
 
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