London Calling on a copper conundrum which probably isn’t
We may be forgiven for failing to understand the forces which, over the past half year of the collapse of debt “securitisation”, have stimulated an increase in the bought price of some certain mineral commodities. Gold’s fortunes depend on the misfortunes of other commodities in general, and on fluctuations in the dollar exchange rate. But what about copper? Whether or not the red metal has indeed come to stand in for “money” (as some gurus will have it) the metal’s rise and fall has customarily mirrored that of capital markets and consumer behaviour in general.