Wednesday, October 21, 2009

Chart of the day is...

...copper, Dec futures, daily candle.

I read a report on copper from Desjardins this morning that has them all bullish and upping their 2010 copper average from $3 to $3.50 (sorry, can't pass this one on). Well, that may be true and it does come from ahouse that predicted this 2009 move up to $3-ish levels. It's also the same people that called Zn at $1.10/$1.30/lb by end 2008. Wonder seers or stopped clocks: YOU BE THE JUDGE!

My best advice continues to be DYODD, dude. Don't trust or believe anyone but yourself* and that includes this blog and the views of its humble correspondent


*or your family