COPPER (Cu) PRODUCERS

[NYBob]

Copper Long-term Chart Comments (Part II - updated monthly) -



Long-term Chart Comment...

From 1998 until late-2003, copper traded between 60 and 90 cents
and then took off on a 5-year up-trend, helped by strong
growth in China.
That up-trend ended in September of 2008 when
the financial crisis hit.
Prices are now looking for support with a weak world economy -
(updated 2-27-09).

U.S. Dollar index

Monthly U.S. dollar index chart -



Long-term Chart Comment...

The U.S. dollar was in a long-term down-trend for roughly six
years before it found a bottom at 71 cents in March of 2008.
It seems odd that prices jumped higher in the fall of 2008
in the midst of a financial panic and at a time when the
Federal Reserve had to cut interest rates to record lows,
but the world's scramble for dollars trumped everything else.
So far, prices seem well-supported with possible
resistance around 92? (updated 2-27-09).

British Pound

Monthly British pound chart -



Long-term Chart Comment...

In November of 2003, the British pound broke to its highest level
in over ten years (above $1.70) and eventually reached $2.10
in late-2007.
In August of 2008, prices broke lower, hit hard by the
financial panic.
The outlook for the U.K.'s economy is not good, but $1.40
has been support for the pound for over two decades.
Will it hold?
(updated 2-27-09).


Canadian dollar

Monthly Canadian dollar chart -



Long-term Chart Comment...

On January of 2003, the Canadian dollar broke higher
and embarked on a nice, 5+ year up-trend that ended
in the fall of 2008 when prices sold off in
the financial panic.
Prices have been weak since, looking for support.
Canada is said to have the soundest banking system
in the world -
(updated 2-27-09).
--



Long-term Chart Comment...

The economic news from Japan is awful, but prices broke higher
in October of 2007 and did not stop until they made
a double-top at 1.1500 in January of 2009.
It is hard to say what, if anything, would drive
the yen higher from here (updated 2-27-09).
--

GOLD -



Long-term Chart Comment...

From 1998 to early-2002, gold prices stayed mostly below $300 per ounce
with heavy central bank selling and little interest
from investors.
In April of 2002, prices broke above $300 and eventually
traded their way to $1,000 per ounce by March of 2008.
The financial crisis hurt prices in October of 2008, but
they rebounded quickly in November and the long-term up-trend
appears to be intact with some resistance at $1,000 per ounce -
(updated 2-27-09).

Hi Bob, Cu appears to have bottomed.
That should be good news for PCU and NXG.
What's your opinion on Cu?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36085162

what's your opinions? -
tia. imo.
God Bless