[video] Dicker: Is Copper's Move Done?
Stephanie has been a big advocate over the last month for Vale
But every production report I read tells me the same story: The supply coming online continues to outstrip the potential demand, even with a recovering economy in the U.S. and Europe. Almost six of every 10 tons of copper are dependent upon China and its numbers on growth that, even with a manufacturing expansion in August, continue to be revised downwards.
I'd love to recommend copper because it has endlessly lagged the rest of the commodity recovery since 2009, but I just can't do it. One of the points that Stephanie and I agreed upon was the long-term nature of the copper trade. If you are buying VALE or my own favorite Freeport-McMoRan
I talk more about copper with Stephanie in the video above.
Action Alerts PLUS has a position in VALE.
At the time of publication the author had no position in any of the stocks mentioned.
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