Thursday, February 19, 2015

Copper Bottom

Copper looks like the price is bottoming. It hasn't been long since the recent lows, but price looks set to go up.
The decline in copper coincides with the strength in the US Dollar.

I think the dollar is set to decline.

Anecdotally, I was talking to a family member who is employed in the woods products industry as a log truck driver. He says that the lumber mills are buying all of the logs they can get, and working 24 hour shifts. He quoted a record number of log trucks unloaded at one of the local large sawmills very recently. 

If the economy IS stronger than expected and the Fed keeps rates lower than warranted, the USD should decline.

The housing stocks have been doing well.


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