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I say things on Twitter

11/11/10

Charts of the day are....

...a couple that track the traded base metals copper, zinc, lead and nickel. Because when you take a five year view on the prices.....
.....headline maker copper has done the best (no surprises for market watchers there), but zoom in a bit....

...and you notice that in the last couple of years there's been very little percentage change difference between any of them. Then go to the last month's trading and Dr. Copper, even with all the "broke $4" headlines, has lagged Pb by quite some measure and lies joint third.

Which then makes you think why Cu juniors and stocks should get all the limelight and Zn, Pb and Ni plays get treated like the ugly sisters at the ball.