I don't understand why they keep calling this a bubble. Copper has tripled in price. I remember not long ago filling up with unleaded for buck forty something a gallon. Nobody calls those "bubbles".
279 posted on 05/12/2006 4:52:01 PM PDT by djf
(Bedtime story: Once upon a time, they snuck on the boat and threw the tea over. In a land far away..)
I believe another 'bubble' is in the stock indexes. Key commodities can not continue to soar, driving up inflation, coupled with a declining USD in the currency market, plus interest rates climbing and have the US based stock indexes rocketing up as well. The last two days may have been a wake up call on Wall Street - maybe.
Copper High Grade (HG, Comex) Weekly Price Chart
280 posted on 05/12/2006 5:16:28 PM PDT by M. Espinola
(Freedom is never free)
