That’s a NOT a Lotta Copper
In my blog titled “That's a Lotta Copper”, June 15, 2013, I said rising demand from housing would benefit Southern Copper (SCCO). I was wrong.
Fed talk about raising interest rates drove markets silly. I was late for the train and at the wrong station. I now think housing demand will not favorably impact SCCO’s markets.
While SCCO may be oversold at these levels, I suspect that most traders will wait for a clear signal before coming in, and, so will I.