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Tuesday, September 1, 2009

Copper: Back into the Stupid Zone

FN: The highlighted area is the "stupid zone". Over a three year period between 2006 and the end of 2008, copper went parabolic several times before finally breaking down. Copper has now rallied back to the underside of the "stupid zone". Resistance should be significant.

Note: Real Estate is one of the largest sources of demand for copper.

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