Copper ETF Rebound Bodes Well

Source:

"Copper's recent bounce is an encouraging sign as the red metal is seen as a leading indicator for the global economy."

ETF Trends, Tom Lydon

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

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