Canadian news reporter says copper is in over supply
well shes right, but she failed to note copper supplies drop over 200,000 tonnes in the last 2 months so we can see that a bottom in copper will be made soon depending on how many Canadians believe what the reporter said about the copper supplies which will be 99 percent. Copper will bottom out at $2.60 at the lowest in the upcoming fear based copper sell off sparked by Canada, copper stocks will drop quickly at the low price setting up the copper reversal because copper stockspiles will drop back to pre 2009 levels. Buy copper under $2.90 if it goes there because if it does it wont be for long as a new bull market breaks out once again.
see the facts below....check the link for copper chart and history.