POWERSHARES DB BASE METL (DBB) 20.68 $0.19 (0.93%) 08:26PM (15 mins delay)

What Copper's Breakout Means

Oct 23, 2009 - 1:50 PM EDT

Chris Ciovacco submits:

In the last two weeks, in Reflation Supported By Stocks, Commodities, and Oil, and Gold, Recessions, Bonds, and 1987, we hypothesized that recent bullish moves in gold, oil, and the CRB Index were evidence of successful "reflation" of asset prices via monetary and fiscal policy. This week, we can add copper and emerging markets to the bullish evidence list. From a fundamental perspective, the desire to hold copper is based on economic need (you want to make a product), and inflation protection (you want to own hard assets rather than paper currencies).

Copper and Emerging Markets Are Worth Monitoring

Complete Story »

Source: Seeking Alpha (Oct 23, 2009 - 1:50 PM EDT)