The Nasdaq Composite just keeps keeping on – and it seems the cries from the doubters have fallen silent! Most major investment banks and the Australian government peg the Iron ore price around US$80/t, yet its trading over US$100/t, and its chart suggests it may go even higher. US copper prices crashed in late-July after the Trump Administration surprised traders by excluding certain refined products. COMEX prices are recovering slowly, but the London-based contract suggests a brighter outlook.
ChartWatch Markets: Disaster awaits grossly overvalued US stocks, as iron ore and copper flirt with breakouts
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