Nicholas Snowden vs. Josh Brown on Copper (CNBC Video)

Copper Outlook: Josh Brown of Fusion Analytics (and TheReformedBroker.com) and Nicholas Snowden of Barclays Capital had a debate over Copper on CNBC. Both had interesting views. They talked about supply/demand fundamentals, mines, new physical copper ETFs, China demand, and market psychology. Copper is up 230% from the January 2009 low and is testing the 2008 high (reflation trade). Watch the debate after the jump and read Josh's article at CNBC.com - Brown: The Financialization of Copper.

High Grade Copper HG (courtesy of CMEgroup.com)




Related article:

JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME - Telegraph (12/4/2010)

Comments

  1. I was listening to Gregor Macdonald on Macrotwits, his last show actually, and he said after two years it could be time for a correction in the "reflation trade" (video: http://www.stocktwits.tv/macrotwits-hour-with-gregor-macdonald-121910/). But he sees an oil spike in the next 2 months!!!! (http://stocktwits.com/macroweekly/OilSpike-December-19-2010.pdf)

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  2. whoa.....

    "The price of copper is set to see significant gains and could even jump 50 percent, while oil is also likely to see a strong rise, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday"

    http://www.cnbc.com/id/15840232?video=1704152894&play=1

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