Copper going forward (don't worry, it's a short post)

Since last night's post on Zn and Pb, I've received two mails asking about how spot copper is shaping up. Three points here to answer them:

1) I wrote the following as part of a post on March 11th 2008. This opinion holds good today and hasn't changed a bit.

"....in a nutshell it'll (copper) bounce around the U$3.50 to U$4 range, breaking U$4 some time this year. It'll consolidate at or above U$4 in 2009 and then we may or may not see U$5 depending on what the dollar decides to do. No point trying to go too crystalball at this stage...."

2) Here's a chart. Note that $3.50 to $4 has indeed been the channel (well, $3.60 in fact, but you get the idea). No need to worry about the day-to-day vaguaries of Cu spot when the big picture is in place.

chart courtesy kitco.com (thanks guys)

3) More general advice. I'm an equities analyst, not a metals market analyst. Although I have to keep a close eye on what the metals are doing, it's not my core field of expertise. Also, most importantly don't base your investments on some joker you read somewhere for free on the internet in a blog. That advice applies to every web page, not just here. Be smart, DYODD, listen to a range of viewpoints and make your own decisions after becoming as informed as possible about any given subject. This is what i mean when I say "we are all big boys and girls, yeah?" from time to time.