Gavekal Capital: Copper is Breaking Out to the Upside

Thursday, April 24, 2014

Copper is Breaking Out to the Upside

On a relatively quiet day on the markets there is one asset that is exhibiting some serious thrust. That "asset" is copper, which has now decisively broken through an important line of overhead resistance. We've written extensively about how copper is seen as a barometer of global growth (because it's an input in so much manufacturing and construction output), so a decisive and lasting breaking could be seen as good news for global growth.

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