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JJCTF - Copper Could Surprise In 2020 And A Look At DBB
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
The price of COMEX copper futures never traded above $1.6065 per pound before 2005. Double-digit economy growth in China and the use of the metal as a financing tool led to a fantastic rally that carried the red metal to a high at $4.16 in 2006. In 2008, the red metal made a higher high at $4.216 before the global financial crisis caused price carnage that sent the price down to a low at $1.2475 in just seven short months.
Copper came storming back in 2009 through 2011 and rose to another higher high at