Metals Update: Gold, Silver, Copper SLW FCX

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Gold rose over 2% to three-week highs on Tuesday as weak U.S. jobs figures raised expectations the Federal Reserve will continue into next year its massive stimulus program that has bolstered bullion prices.

ITZ noted Gold was heading higher back in September READ

Copper Heading Much Higher!

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Today's news that Bof A is bullish on copper, more specifically Freeport McMoran (FCX):
 Bank of America Merrill Lynch Analysts Begin Coverage on Freeport McMoRan Copper and Gold Inc (FCX) read story

This past Tuesday ITZ posted this blog READ on copper's direction.
Past ITZ Copper Posts June 29th, June 20th , May 25th Futures copper charts, quotes

A look at what's trading on Twitter this week, with Ed Ponsi, Barchetta Capital Management.

Past ITZ Posts

COPPER Update 7-7-11

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ITZ has been bullish on copper for awhile now, it has been in bull stealth mode, quietly rising as traders focus on gold & copper. As with oil, copper and somewhat silver are industrial based commodities...what are they signaling? The U.S. Dollar has been rising...is there a disconnect? 

Past ITZ Copper Posts June 29th, June 20th , May 25th Futures copper charts, quotes

Note* PnF Chart PT $500 Chart

Gavin Wendt, Senior Resources Analyst at Mine Life, explains why he is bullish on commodities.

Copper Demand Rising

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Copper prices rose on China's and global demand and improving confidence on global economy and increasing demand in China . Global demand for copper are picking up.

The destocking will not be followed by restocking, a slowdown in copper stocks in LME-monitored warehouse fell 1,350 tonnes today.  Albanian Minerals President and CEO Sahit Muja said "The world is facing a copper supply deficit".  The price of the copper rose 30 percent in 2010. Goldman Sachs estimates a 4.7% growth in global copper demand but only a 2.1% growth in global copper production for 2011. Read more here

A booming growth in China, India, Brazil and other the emerging economies need much more copper.
The global demand for copper increased 8 percent in 2010, outpacing supply.
Brazil and China are heading for a battle of strategic necessity over copper in Africa that will leave the winner walking away with the most expensive acquisition of a diversified minerals company. Read Story

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