In mid-September, my Barchart article, “Is Now a Good Time to Buy Copper,” concluded:
I favor adding copper to portfolios at the $3.80 per pound level. However, it is virtually impossible to pick bottoms in markets as prices can decline to illogical, irrational, and unreasonable levels that defy even the most bullish supply and demand fundamentals. Therefore, I leave plenty of room to add to my long position on further declines.
