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Copper ETN (JJC), PowerShares Base Metals (DBB): Late To The October Party

24 October 2011 at 2:33 pm by Staff     Bookmark and Share    Follow EtfExpert on Twitter

The emerging world’s success depends largely on two factors: (1) the ability to export inexpensive goods to the developed world and (2) commodity-driven infrastructure growth of the indutrializing economies. Both of these factors seem to be picking up momentum.

On the first front, emergers will still be exporting to the European Union if the region avoids a wholescale slip into recession. On the second front, China’s recent PMI expansion bolsters hope for a surge in the demand for numerous commodities.

That said, the world’s most useful metal hasn’t exactly been playing ball. Copper (JJC) was testing new 52-week lows as recently as last Thursday. Then came Friday and Monday. Dr. Copper, the metal with a Ph.D. in economics, just tacked on 12.7% — its biggest 2-day rally since the bull market’s inception in March of 2009.    

Before getting giddy, however, investors may want to take note that JJC is still well below a 50-day trendline. In fact, most industrial-use metals are still struggling to recover.

JJC 50

Copper ETFs In Biggest Rally Since March 2009 – Tom Lydon, ETF Trends
ETF Insider: Bulls In Drivers Seat – Stoyan Bojinov, ETFdb
Semiconductor HOLDRs ETF Should Make A Year-End Run – Kevin O’Brien, Seeking Alpha
4-Star ETFs Poised To Pop: Vanguard REIT Index – Brian Pacampara, Motley Fool
IShares Launches Family Of Low-Volatility ETFs – Patricia Oey, Morningstar



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