iPath Copper ETN: Forging Ahead or Under Pressure?
Thursday, February 25th, 2010
Tom Lydon (ETF Trends) submits:
The copper exchange traded note (ETN) (JJC) has had a nice ride in the last two weeks, but how long can it keep this up? On the one hand, we’ve had assurances that the economic recovery is on track; on the other are those dismal new home sales numbers.
Speculation that demand will increase for copper used for pipes and wires and dip in the dollar boosted copper prices for the week ending on Feb. 19, reports Millie Munshi for BusinessWeek. Copper futures for May delivery had their largest weekly gain since July 17.
