Copper Season

I've been watching Copper prices since summer, noticing how stubbornly strong it was. Although not a Precious Metal, it sits between Platinum and Palladium on Finviz Futures page. Right next to Gold and Silver. A lonely speck of green in the ocean of red. Strong? Lets say: Not as weak...with strong support near $3.
I think my position is well known:
This economy has been shit since 2011, and got worse since 2012.
I wrote about it here just recently (link) and also back in May (link) , all against the backdrop of Roaring Bull Market (link).  (How is it possible? Dow Paradox, bro...you feel me?)           
Seems to me that Dr Copper, PhD in Economics, kinda agrees with bitter yellow fruit here about the state of real economy.

There are only 4 copper miners in Finviz. FCX is the biggest, with highest dividend and smallest short ratio, but also with most debt.

http://stockcharts.com/freecharts/candleglance.html?$COPPER,JJC,COPX,CU,FCX,SCCO,RIO,AZC,LIWA,TGB,NAK,LUNMF|B|P5,3,3

Following System 12 rules, only $copper, JJC, FCX, RIO, LIWA qualifies for position. COPX is 10% under 200sma! Volume Profile is horrid on all. Nobody buys copper miners.

---------------------------------------------------------------------------
Here is Jeff Hirsch of Stock Trader Almanac on strong seasonality of Copper from mid-December to end of February.
http://blog.stocktradersalmanac.com/post/Coppers-Historically-Strong-Season-Begins-Soon-HGF-SCCO
Since 2001 there was only 2 loosing years 2006 and 2012.
I notice, that although 2012 officially failed, there was a material rally from beginning of November 2012 to beginning of February 2013. Important not to overstay my welcome.

They pick SCCO, because of correlation to metal. I don't see that correlation to $COPPER or JJC at this moment at all. In fact, judging by Price Relative study nothing correlates very much here. Non of miners look like metal. Miners themselves are all different.
http://stockcharts.com/freecharts/candleglance.html?$COPPER,JJC,COPX,CU,FCX,SCCO,RIO,AZC,LIWA,TGB,NAK,LUNMF|C|J[jjc]
---------------------------------------------------------------------------

There is an etf from GlobalX http://www.globalxfunds.com/COPX with 0.65% exp ratio, and 5% divi.
COPX has less then 30 holdings, with FCX, SCCO and Glencore at about 5% each. Top 2 holdings are Canadian companies III.TO and CS.TO.

Another etf is FirstTrust CU, with even higher exp ratio, less holdings, 3% divi and RIO as biggest position.
http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=CU

COPX Fund Holdings Data as of 12/13/2013
% of Net Assets	Name
6.23	IMPERIAL METALS CORP
5.29	CAPSTONE MINING CORP
5.21	FREEPORT COPPR
5.20	GRUPO MEXICO SAB DE CV-B
5.01	JIANGXI COPPER COMPANY
5.01	KGHM POLSKA MIEDZ
4.87	HUDBAY MINERALS
4.85	GLENCORE INTERNATIONAL
4.71	SOUTHERN COPPER CORP
4.69	LUNDIN MINING CORP.
4.67	FIRST QUANTUM MINERALS LT
4.56	ANTOFAGASTA PLC
4.53	SANDFIRE RESOURCES NL
4.46	TECK COMINCO LTD-CL B
4.20	TURQUOISE HILL RES
4.00	VEDANTA RESOURCES
3.93	KAZAKHMYS
3.91	TASEKO MINES LTD
3.87	OZ MINERALS LTD
3.77	PANAUST LIMITED
2.13	CUDECO LIMITED
1.42	COPPER MOUNTAIN MINING
1.10	TURQUOISE HILL RIGHTS
1.08	PARK ELEKTRIK
0.88	NORTHERN DYNASTY MINERALS