Monday, January 4, 2010
Since last February I've been noting the recovery in copper prices and arguing that this was a sign of recovery. Copper prices are now 172% above their lows of Dec. '08, and only 15% below their all-time highs. Not only has the economy's "fever" broken, but it appears to be regaining its former health quite rapidly, to judge by the huge recovery in copper prices.
Posted by Scott Grannis at 10:42 AM