Take physic, pomp

Chart of the day is………..

…..copper, 60 day spot price.

Even though it has sagged a bit today in London trading (currently $1.52/lb), copper and its base metallic friends have staged a good recovery since Christmas came and went. Certainly a lot healthier than the last time we looked at the 60d copper chart back on the morning after the US congress voted down the auto bailout plan (wowsers, that seems like half a year ago, doesn’t it?). Here’s the link to that earlier post which pointed out the double bottom.

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