The last few trading sessions have been interesting because Copper prices continue to churn higher despite Chinese equities being pummeled recently. For example, FXI (iShares China Large Cap, Expense Ratio 0.72%) is off more than 3% in the trailing five day period but this hasn’t stood in the way of a continued rally in Copper prices as measured by JJC.
Copper’s recent strength may also be related to a late year rally across an assorted swath of Commodities that we have also noticed in the past week or that some may have slept on. Crude Oil, Natural Gas, Cotton, Cocoa, and Nickel, to name a few have seen strength in recent sessions that more than catches the eye.
iPath Dow Jones-UBS Copper Total Return Sub-Index ETN
