...He's back in town!
Following heavy selling of listed gold and silver stocks over the past week, among mining subsectors, listed copper miners can claim leading stock price performance over the past 12 months.
By Barry Sergeant
08 Jun 2009
JOHANNESBURG -
Known in some circles as "Dr Copper", in the belief that changes in its market pricing most accurately predicts forward changes in global economic activity, the orange metal now leads forward the best-performing global mining subsector, over the past 12 months, in the form of broadly defined copper miners. The change in the pecking order has taken less than five trading days, a period when investors have heavily sold off, in particular, gold stocks, and even more so, silver stocks.
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