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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (24202)	12/13/1998 11:54:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 116979

Copper, The Metal That Gets No Respect, Needs A Break nypostonline.com << Copper is the least favorite asset I can identify. You can get services that tell you the "bullish consensus" among analysts or investors for investment categories such as stocks, bonds, gold, currencies, oil and so on. They tend to fluctuate from, say, 30 percent to as high as 90 percent. Copper has been in the single digits, such as, say, 4 percent to 6 percent, for the past several days and in the teens for weeks before that. The price broke down again on Friday, and the spot price is now pushing through the 65-cents-per-pound level. (It's traded down on the Nymex exchange downtown.) The red metal is sometimes called "Dr. Copper, the metal with a Phd. in economics," because its price has historically tracked economic prospects closely. Copper is used in virtually every corner of the world economy, and is therefore an accurate barometer. If that's true, then we've all got a problem, because copper is now selling for less than the average cost of production. >>