iPath DJ AIG Copper TR Sub-Idx (AMEX:JJC)
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hitting new lows. it has to recover someday.
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Copper > $6 by 2014
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copper etf
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Copper's in for a bumpy ride until the global economy gets back on it's feet again. I'd wait til next year to buy this one.
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base metals looking strong 00 copper from chile stronger
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The resurgent demand for a wide assortment of metals -- driven primarily by China's need to restock its inventories -- has mostly been baked into (via derivatives) each respective metal's price. So, dramatic near-term price increases seem pretty unlikely.
Still, due to the anemic growth rates more or less locked in for the West due to the economic crisis of 2007-09, plus the near-certainty of expanded industrial production in China, metals are a sure bet to outperform in 2010.
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