I am interested if the price of copper will go up or down. Many
internet sites claim that copper prices will go up. Yet according to
the future markets the more distant future markets are lower than the
less distant future makets. Can anybody explain this discrepancy?

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Request for Question Clarification by answerfinder-ga on 10 May 2006 01:16 PDT

Does this paragraph explain it for you? You may wish to see all the
article to understand its context.

"The scepticism on the LME's trading floor is confirmed by the prices
being quoted by brokers for delivery on the longest contracts, which
are much lower than the current cash price. "Copper is the only
commodity in the world, where you can buy for five-year delivery at a
45pc discount," the trader said. "The market is saying the current
price is unsustainable or that supply will kick in to meet demand."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/05/04/cnlme04.xml&menuId=242&sSheet=/money/2006/05/04/ixcitytop.html

Let me know.
answerfinder-ga

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Clarification of Question by vaac-ga on 10 May 2006 13:46 PDT

Thanks,  answerfinder-ga, for your comment. I assume LME stands for
London metal exchange. Pursuing this further would reqire more time
than I can afford now. I will therefore be satisfied with what you
have supplied so far.

Dear vaac-ga,

Thank you for accepting my clarification request.

Yes, LME is the London Metal Exchange.
http://www.lme.co.uk/copper.asp

I'll just post the link to the article by way of an answer. 
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/05/04/cnlme04.xml&menuId=242&sSheet=/money/2006/05/04/ixcitytop.html

answerfinder-ga

Relevant article referred to

According to the First Law of Speculation, the price of any commodity
is inversely related to whether you are buying or selling: if you buy,
the price will go down; if you sell, the price will go up.

Try it and see.