by: Tyler Wood
January 25th, 2012
Copper has been rebounding from a major sell off of 25% in 2011. Further gains may be in store as the BRIC nations ease their monetary policies to keep the growth rates at high levels.
Additionally, Richard Adkerson, CEO of Freeport McMoran sees that "Markets are tight worldwide, the inventories have come down by 25% during the 4th quarter." Freeport is the worlds largest publically traded copper producer and as such, have a very good feel for the quality and quantity of global demand.
Both China and India are easing capital requirements to help bolster their economies. European producers also anticipated demand for copper to be strong in coming months. However, the World Bureau of Metal Statistics reported Wednesday that copper supply exceeded demand by 46,200 metric tons in the first 11 months of 2011 compared to a shortage of 61,900 for all of 2010.
The Bald Eagle Diversified Commodity Basket and Survival Plan is long copper.
Copper Chart
Best Wishes,
Tyler Wood
Alternative Investment Specialist
www.wwfsystems.com
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