Copper ETF Rebound Bodes Well
Source: ETF Trends, Tom Lydon (7/21/11)
"Copper's recent bounce is an encouraging sign as the red metal is seen as a leading indicator for the global economy."
The rebound in exchange traded funds following copper futures and miners is a good sign for the global economy although they remain slightly negative for 2011.
Copper experienced a healthy run last year as global economies began to recover. However, the commodity was weak earlier this year on debt problems in Europe and a slowdown in China's economy.
The red metal is seen as a leading indicator for the global economy, so its recent bounce is an encouraging sign because copper has many construction and industrial applications. . .View full article