Copper Continues To Rise

Copper is rising again, up another 2 cents so far in trading after Fedex FDX announced today it is raising its outlook for fiscal year 2010. The past week copper has been extremely strong and I reiterate the way to play this is by buying the iPath Dow Jones UBS Copper ETF JJC or shares of Freeport McMoran FCX. Shares of Freeport and the Copper ETF have been on a roll recently, rising to $71 and $42 respectively. Fedex raising its outlook for this year shows that the economy is strengthening, not going back into a recession and copper is a direct benefit of this.