Since May, when the Industrial Metal copper bottomed, the price appreciation has been spectacular, up nearly 15% in almost four months and is up 1.2% today alone. While copper is most often positively correlated with economic activity, a Bank of America Merrill Lynch report notes that other factors might be at play — and it could be time for copper bulls to hedge. [timeless] Copper is an industrial metal with high economic activity Copper is an “economic industrial Metal.” Unlike gold, which is almost entirely an adornment metal, and silver, which is used for both adornment and practical economic…
Red Hot Copper Risks Melting: BAML
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.