Analysts forecast a corrosive year for copper prices
MarketWatch - 01/21/2014
When the U.S. Federal Reserve stops printing $80 billion a month to buy bonds, interest rates may jump, and that may stop the improvement in the U.S. housing industry and perhaps even trigger a recession, said Jeffery Born, a professor of finance at the D’Amore McKim School of Business at Northeastern University.
“This fear has pushed all but the most flush or optimistic corporations to sidelines, suggesting weak growth (if any) in manufacturing output for 2014, even if the end of QE isn’t announced this year,” he said.
“In this environment, my outlook for copper is pretty gloomy: sideways to downward price trends for the upcoming calendar year,” said Born.