Provocative Copper!

One of my readers suggested that charts were only going to draw "nerds" and that I should have more "provocative" pics!

What a challenge when you want to discuss the important relevance of copper to the global economy!

Copper has been and continues to be viewed as a leading indicator of the health of the global economy:

(nerds: click on the chart to enlarge)

• since reaching a peak price of approx $4.65 in 2011, copper prices have been in decline, hitting a low of $2.42 at the end of January this year.
• It has rallied back to $2.60 since then.
• It is worth keeping an eye on to see if this "bounce" should materialize into something more.

The views expressed are those of the author, Scott Tomenson, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund.