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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (7128)12/3/2002 3:42:36 PM
From: Elroy JetsonRead Replies (1) of 306849
 
You may want to get the prescription for your eyeglasses checked again. This chart shows copper prices from 1997 through today.

awfraser.co.nz

Prices are so low that many mines, especially those in Australia, have recently been closed. This modestly improved market psychology. Any sustained increase in copper prices will be met by re-opened mines, depressing prices longer term.

The imaginative see this as a big upward move in both inflation and copper prices. The rest of us simply look at the chart of copper prices again, and chuckle.
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