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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who started this subject3/1/2004 7:58:48 PM
From: energyplay  Read Replies (2) of 74559
 
Copper price - In 1989 Copper was about $1.40 / pound, range was about $1.30 to $1.65. Today (March 1, 2004) copper is about $1.39.

Today , the USD is worth less. So, how high could copper go in other commodities and currencies ?

In Yen terms
89 182 yen /pound
today 131 yen / pound
Price could increase 50% to match '89

Using dollar index -
Price could increase about 15% to match 89

Using crude oil, which was $20 / bbl. in 89 and $34,
the copper price could be 70% higher....
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