Jim Letourneau's Blog

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Phelps Dodge Defies Doomsayers

These two charts show how Phelps Dodge is inextricably tied to the price of copper. After 4 runs at the $100 level it looks like Phelps Dodge may finally bust through for good. Base metal stocks charts have been basing for most of 2004. However, many are starting to make new highs which makes the group worthy of further speculation.

Copper Price

Phelps Dodge

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