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December 29, 2013

Copper Bottom

Will Copper Finally Manage a Sustained Rally?

Christmas week was rather tame with the exception of a quick drop and pop from the dollar on Friday. The drop was severe enough to produce a failed daily cycle, and the subsequent pop was firm enough to make me wonder if the dollar index is about to produce one of its anomalous cycles. The buck, after all, has a particular affinity to the new year for such action. Here are a couple of examples ...

 

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