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We face a tough six to eight months, but towards the end of the year we should touch bottom on copper, aluminum and zinc.
CNN: Money & Investing
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After World War II Lowe's became known hundreds of miles around for rock-bottom prices on nails, copper pipe and lumber by the railcar-load.
FORBES: Merchant Princes
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Both byproduct metals have risen in price since the second quarter of 2009 (copper has gained 25% and zinc 19%.) Stronger copper and zinc prices will reduce cash cost per ounce and go directly toward the bottom line for companies with significant byproduct credits, like Barrick Gold, Newmont Mining, Goldcorp, Agnico-Eagle and Yamana Gold.
FORBES: Magazine Article
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Copper bulls have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
FORBES: Comex Gold Ends Higher on Bargain Hunting, Safe-Haven Demand; FOMC Results A Non-Event
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Copper bulls still have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
FORBES: Comex Gold Ends Slightly Lower But Well Off Daily Low On Bargain Hunting
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If there is a good rally in copper on Thursday, that would hint that price action Tuesday put in a near-term market bottom.
FORBES: Comex Gold Hits New High of $1,782.50 Early but Gives Back Some Gains on Profit Taking