You may be concerned about the drop in its spot price from U$4.20/lb or so to the current U$4.00/lb or so, but this desk has been impressed by the relative strength in copper recently. Basically UNCH in a macro backdrop of rising recession fears and the flight to US Bonds pimping the USD and here’s the chart to prove it:
Since when has copper been an asset class? Stronger than gold, more popular as a hedge against the USD, and do we even have to mention silver?