Nexvu Capital

Nexvu on Economics, Politics and the Markets

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 1,022 other followers

  • Nexvu on Twitter

  • Previous Posts

Smart Money Making A Huge Bet On Copper

Posted by nexvucapital on July 25, 2013

Asbury Research recently featured the fact commercial hedgers have made a huge bet on copper.

“Copper prices are universally seen as a global economic barometer and, at least up until recently, have maintained a statistically significant and dependable 25 year positive correlation with the Dow Jones Transportation Index (DJT). Thus, we view the current positioning by these Commercial Hedgers as an aggressive bet by the “smart money” on an upcoming intermediate to long period of global economic growth.”

SS-14

 

Source: http://asburyresearch.com/corrected-versionsmart-money-making-a-huge-bet-on-copper/

Copper

 

Source: http://chartsetcetera.blogspot.ca/2013/07/smarter-money-betting-on-copper.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: