Has Copper found a Bear Market Low and are we seeing another signal that Inflation is winning the battle over Deflation? On this longer front, Time will Tell but my second chart gives you my perspective.
In the short term, my first chart work shows that Copper is bouncing out of a shot term Trading Cycle low and perhaps a longer 5-6 month Intermediate Cycle as well.
Freeport McMoran (FCX) was up 6% today and Rio Tinto (RIO) almost 7%. RIO is also paying a 4% dividend even at its current price point which makes it a nice buy and hold for an IRA account.