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Question:

Copper Futures Rose for a Third Straight Session, what this implies now?

Copper Futures Rose for a Third Straight Session, what this implies now?

Answer:

It implies absolutely nothing. 3 days is far too short to extrapolate into a long term trend. Copper is not a precious metal. It is 100% industrial. Anyone buying ridiculously overpriced copper bars as an investment is a complete fool. It makes zero sense to buy a few ounces of a metal that is sold by the ton.

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