At least that’s what the Financial Times reported Goldman Sachs saying this week with regard to the price of copper. The bank also revised its forecast for the average copper price to $8,698 per metric ton, down from $9,750. According to a NASDAQ post, copper prices touched a six-month low this week as speculators increased short positions. The move was in response to worries about recessionary trends in Europe and weakness in the Chinese manufacturing sector. Analysts do not currently expect Chinese growth to fall into negative territory. However, most of the economy’s growth is confined to the services sector, not ... (full story)