Do copper stocks behave in the same way as gold stock do to
gold? For instance, BHP is down 2.1% while copper is up --
I've been watching BHP for an entry, but it hasn't shown any
relative strength to either the broad market, or to copper.
Any thoughts on that?
cannot answer in general, but in relation to bhp i would
not think it would be counted as a copper stock, it is too
diversified , earns far more from iron and coal than it does copper
, is also currently having great trouble meeting delivery from its
coal mines due to weather and strikes, was affecting it's price in
aus today.
Copper stocks vs. copper? BHP?
Posted by kalinm on 3rd of Apr 2012 at 10:21 am
Matt,
Do copper stocks behave in the same way as gold stock do to gold? For instance, BHP is down 2.1% while copper is up -- I've been watching BHP for an entry, but it hasn't shown any relative strength to either the broad market, or to copper. Any thoughts on that?
hi kalinm, cannot answer in general,
Posted by morgan8 on 3rd of Apr 2012 at 11:20 am
hi kalinm,
cannot answer in general, but in relation to bhp i would not think it would be counted as a copper stock, it is too diversified , earns far more from iron and coal than it does copper , is also currently having great trouble meeting delivery from its coal mines due to weather and strikes, was affecting it's price in aus today.
Thanks for the feedback morgan8
Posted by steve on 3rd of Apr 2012 at 11:28 am
Thanks for the feedback morgan8