Weekly Copper chart analysis ;
1) Current pattern shows a clear head and shoulder, with a clear neckline level.
2) Once we get over that neckline, I have a target of 620 by 2012
While the majority of people are bearish on global markets, may I remind you that the market has a life of its own .....
Most often , mistakes are rooted not in ignorance, but fear ; fear of being wrong. That is why the majority is following the bearish crowd .....

The high yield bond rally seems to be slowing.  (EconomPic Data, research puzzle)

The state of asset class momentum.  (The Capital Spectator)

Do investors view industrial metal price changes differently during good times and bad times? In the August 2010 draft of their paper entitled “Return Predictability When News Means Different Things in Different Times”, Ben Jacobsen, Ben Marshall and Nuttawat Visaltanachoti explore how the power of aluminum, copper, lead, nickel and zinc price changes to predict stock returns differs between economic expansions and contractions.

A reader sent me their version of the permanent portfolio and while I don't think my opinion was being solicited it got me thinking about trying to put together a version that did not rely on the typical funds but instead tweaked the idea. The intent is not to build something to actually implement but maybe to think about the attributes of various market segments beyond the obvious.

By Marin Katusa, Casey’s Energy Report
Mining is a risky business and accidents happen. But when your mine is the world’s largest uranium deposit, fourth largest copper deposit, and fifth largest gold deposit, an accident can cost a little bit more than the average. Something BHP Billiton found out after the shaft accident at its flagship Olympic Dam mine located 560 kilometers north of Adelaide, South Australia.
In October of last year, a breakdown of one of two haulage systems saw a loaded iron skip plummeting to the bottom of the 800-meter-deep main shaft.