Copper also moved higher on Wednesday, Sykora reports, although experts can’t seem to agree on why. Some say it’s a matter of technical buying or a result of overall precious metal-market strength, others say it’s a result of ideas that the U.S. economy could be in a state of recovery.
Exposure to copper can be had in either the iPath DJ AIG Copper TR Sub-Index ETN (JJC) or PowerShare DB Base Metals (DBB), which holds one-third each of copper, aluminum and zinc.
For full disclosure, some of Tom Lydon’s clients own shares of GLD.