“For those interested in copper prices – looks like the Chinese manipulation is tailing off and prices will now rise. Good news for all miners.

“Copper hit a 5 year low recently.” 

David Fuller's view

Thanks for your email and this interesting article.

Copper is the metal on which China is most dependent.  Therefore, in a weak commodities market, it would make sense for China to short copper to drive it lower before entering the market with significant buy orders.  Copper (CMX) and also LME Copper look oversold following the most recent sharp drops, and this looks like at least a short-term low.  When copper eventually breaks its overall downtrend, it will be a positive indicator for not just China but also the global economy.