Investors have rejoiced in the rebound of the U.S. equity markets this year, but the real winners have been those who were bullish on commodities as the markets bottomed. Hopes of a steady recovery, consistent downward pressure on the dollar, and even strikes at major South American mines have sent prices for metals used in industrial and manufacturing operations skyrocketing in recent months. Copper has been one of the bast performers: the iPath Dow Jones-UBS Copper Total Return ETN (JJC) has gained more than 100% for the year. [click to continue…]
by Eric Dutram on August 14, 2009 | Updated August 28, 2009
Copper, one of the world’s most versatile metals, saw prices crash in late 2008 and early 2009 amidst the prolonged housing slump and decreased demand from China and other emerging markets. However, prices have come roaring back and are now up over 100% from its lows and within striking distance of the $3 per pound [...]
With a roller coaster six months behind us that saw no shortage of interesting twists and turns and unsuspected headlines, we’ve finally reached the midway point of 2009. Ahead of us is the highly anticipated “second half of 2009,” which for months we’ve heard will hold returns to growth, a recovering economy, and enough green [...]
