COPPER

COPPER CORRECTING BRIEFLY

Copper has fallen more than most commodities during the recent sell off in commodities in general. And what is so interesting is that a spokesman for the Chilean state owned copper mining company Codelco commented on 7 August (price on chart highlighted 5 August) that "Chinese imventories seem to have decreased and now the industry is catching up again" and a Chinese metals traded asserted that demand in China would see to it that the price of the metal would gain 8 per cent by year end.

SILVER/COPPER SPREAD TO DECLINE IN THE SHORT TERM

In recent weeks there have been some big declines in precious and base metals along with global equities and commodities in general. And now with many analysts calling for a rally we look at the silver/copper spread to see which one is going to be weaker in the short term