This Review follows the price of gold and copper for two very different reasaons.
Gold: after several weeks of decreasing prices, I wrote of a forecast put out by CitiCorps. After gold prices had fallen into the high $1600 range, CitiCorps put out a predictive analysis that gold would not go below $1,590 before it began a another persistent climb. It bottom out just below 1600. CitiCorps now forecasts gold rising to 1950 per troy ounce and the 40 year gold investor, Martin Murenbeeld, told Fox Business (today) that several of the portfolio's he manages are investing 40% of their set-asides, looking for gold to rise to $2200 in the next 12 months.
Generally, higher gold prices are indicative of a weakening dollar. But I, as a layman, have been listening to this scenario for two years, and the dollar does not appear to any worse off than it was before.
Copper: (developing) I follow copper because it is the single most commonly used industrial metal. If prices are increasing, it is because manufacturing is increasing. Read more on copper as an manufacturing indicator here.
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