Copper has been in a rally the last three years, but it is based on nothing substantive, so this is eventually going to burst. Part of its rise is the fall in the value of the dollar which makes it cheaper for others to buy from other countries. I'm a little concerned about China though. China consumed 50% of the world's copper last year, but I still think their real estate bubble is going to burst and if so, this will decimate the price of copper. Time will tell.
Submitted September 19, 2017 at 12:22AM by Fitness_and_Finance http://ift.tt/2w3BYc8
