Monday, April 26, 2010

Charts of the day are....

...copper and oil, monthly charts.
There's a single big difference between the charts and it's marked up there. As for similarities, there are many (ok, one has been a 200% winner and the other a 300% winner...split hairs if you like). However it occurs to me that the biggest thing copper and oil have in common is that even though they are two commodities in great demand, the world tries to deny its addiction to them both.

Your 12-point plan starts with "do not worry if copper drops back to $3/lb".