China Is Blasting Off But Copper Is Lagging; What Gives?
Chris Kimble | Apr 09, 2015 12:15AM ET
I wish I had a dollar for every time I heard that China can’t do well if Copper isn’t moving higher.
Over the past 6 months, the iShares FTSE/Xinhua China 25 Index ETF (ARCA:FXI) is up 28% while the iPath DJ-UBS Copper Subindex Total Return ETN (NYSE:JJC) is down over 10%. This is nearly a 40% performance spread in the past 6 months.
Yes this is just a 6-month snap shot. What about the past year? The spread over that time frame is over 45%.
I have found over the past 35-years it can pay to “Follow the charts and Not your heart!”
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