Search results

Spot copper now nearing $3 even.... this is BELOW the $7000/metric ton level as mentioned by Goldman. This technically oversold condition does not appear to be ending anytime soon. What could spark some short covering here ? Only great news out of China....or Europe.

Goldman Sachs cuts copper forecasts April 22, 2013, 4:44 a.m. EDT LONDON (MarketWatch) -- Analysts at Goldman Sachs on Monday cut their 3,6 and 12-month copper forecasts, after a heavy selloff over the past two months, citing growth concerns in China and bearish technical indicators. The...

Good stuff Handle...and so true, almost prophetic. I remember a story from years ago about a trader who took a position in wheat and kept doubling his winning position. Ended up with Millions...and barely watched the market.

Everything holding up today...except (you guessed it).....copper. 8-12 weeks ago, this thing just refused to crater. Now it refuses to rally.

The May contract saw a $3.06 print this morning !!! And there's a huge 15 cent range today. After doing nothing for weeks, this guy is really rockin now !!

Metals Stocks April 18, 2013, 8:04 a.m. EDT Gold prices rebound, but copper struggles http://www.marketwatch.com/story/gold-prices-sag-copper-drops-to-18-month-lows-2013-04-18?dist=beforebell Meanwhile, May copper futures on Thursday fell 3 cents, or 3.15%, to $3.10 a pound, after earlier...

Now down 12 pennies and critical, critical support at $3.25 is gone.

The carnage continues for the red metal as (finally !) the grim reality of lower demand in face of higher supply permeates the market. We're down 10 cents this morning.

Gross has lost a grip on reality. The world is DEFLATING, NOT REFLATING. 1) US Fed running out of bullets Lower supply of money = less chance of inflation 2) China growth slowing Lower demand for all goods 3) US Employment situation still quite bad Lower demand for all goods Only hope...

Ominous at best: Hot Rolled Coil Spot Pricing Below Fair Value for Ninth Week By Steel Market Update - Mon 15 Apr 2013 10:32:58 CT Written by: Brett Linton This week, the SMU Fair Value HRC (hot rolled coil) Model has spot HRC pricing below Fair Value for the ninth consecutive week...

This was quoted some time ago....back in September I believe.

See copper for a reference point. All metals are weak because China is not getting stronger. Construction loans are now tough to get over there....and that's killing construction....and thus the demand for steel and copper.

Ha, ha, ha indeed. Down 6 pennies this morning.

I know, I know...markets can be so PERVERSE. But we'll see the day of reckoning soon I believe.

I heard today that we are moving to a greek-like situation economically. Will we all become like him ?

Surf - check out this analysis: http://www.elitetrader.com/vb/showthread.php?s=&postid=3778381#post3778381 Copper stocks are near 10 year highs !!! I smell Farmer in this market. Who else could be holding it up ? Copper should be around $2.80 or lower.

Can someone please tell me why copper is not absolutely collapsing and/or Who is holding this market up ?

Morning Copper Market Report Thu 11 Apr 2013 07:18:29 CT The copper market has been under pressure this morning, and has now given back a sizable portion of this week's sharp rally. Some traders feel that positive vibes from recent Chinese economic data appear to be fading, as copper is...

Who said making money is boring ? I like your technique of reducing your position size after each winning move. What are we talking here - 5 , 10 contracts or more ?

London copper lower from 2-week highs By Thomson Reuters - Wed 10 Apr 2013 07:57:17 CT London copper drifted lower from near two-week highs hit in the previous session, as traders took profits on short-covering gains, while improving trade data from top consumer China underpinned...