2 replies to this topic

[nimblebear]

The other gold stocks aren't quite as strong. Maybe copper up and taking into account the Phelps dodge acquisition ?

[hiker]

FCX combined with PD will be a worldwide copper powerhouse....you ever ck Ted's chart showing FCX with the other charts? -

http://www.tic-tac-d...ONENTSPAGE.html

see article excerpt for TA re: copper commodity prices -

http://www.thestreet...e...E&cm_ite=NA

Judging by the way metal imports have picked up, which was dramatically, it looks like China's destocking is over," says William Adams, an analyst at BaseMetals.com in London, who notes that apparent consumption had looked negative as the country's metal users drew down inventories late last year rather than purchase on the international market at high prices.

Adams also says falling levels of inventory in London Metal Exchange warehouses are helping to bolster prices.

Turning to the technical side of things, chart watchers see the way clear for the rally to continue.

"The key move was above the 100-day moving [average] at $2.88," says Joe Palmisano, senior technical analyst at IDEAglobal in New York, which he says points to a target price of between $3.07 and $3.15 a pound.

Edited by hiker, 15 March 2007 - 02:14 PM.

[hiker]

http://www.kitcometals.com/

NEW YORK FUTURES MARKET IS CLOSED opens in 16 hrs. 20 mins. 52 secs.

Copper Futures ¬
Month NY Time Last Open Int. Prev. Vol. Vol. DTE
July Mar 15 2007 1:08PM 2.9665 10130 1234 1741 136
March Mar 15 2007 12:58PM 2.9800 2875 276 367 13



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