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  1. syswizard

    Surf's Special Situation Journal

    But data out of China today is constructive for copper....up 4 pennies on the CME. You just can't put-down China...it keeps bouncing back !
  2. syswizard

    Surf's Special Situation Journal

    Surf - Happy New Year. I know Copper is a sore subject (aka Farmer !), but check out this marketwatch article.....it's all about China. I knew that ! I wonder if Farmer is short (again) ? http://blogs.marketwatch.com/thetel...hina-goes-bust/...
  3. syswizard

    But what about copper ?

    Copper again being highlighted in an article on Marketwatch: http://blogs.marketwatch.com/thetell/2013/01/09/eight-smart-trades-if-china-goes-bust/
  4. syswizard

    But what about copper ?

    Volume for the March copper contract is thru the roof today. Was up 3 pennies, now up only 1.
  5. syswizard

    But what about copper ?

    http://www.futuresmag.com/2013/01/08/are-bullish-copper-statistics-misleading?eNL=50ec4cf9ca9f801c42000225&ref=hp&utm_source=DailyMarketFocus&utm_medium=eNL&utm_campaign=FUT_eNL&_LID=103722366 Great, great article with excellent analysis. I love the quip: "It is hard to justify copper at...
  6. syswizard

    But what about copper ?

    Alcoa's positive announcement has had no effect on CME Copper futures. Interesting. Could be a case of "can't fool the markets"....i.e. it doesn't believe the bullish case for aluminum.
  7. syswizard

    But what about copper ?

    Look, this rate stuff is hard to discern. Rates will likely go up very gradually at first. However, if they start to accelerate, then money will come out of equities and commodities in a risk-off move. Gold, silver, and copper will decline in a big way. I'm not saying this is going to...
  8. syswizard

    But what about copper ?

    yes, but IN THIS ECONOMY, higher interest rates indicate "no more fed". Big difference from earlier "economies"...that were market-driven.
  9. syswizard

    But what about copper ?

    CNBC and MarketWatch are not the same ! There are some good articles on Marketwatch....and that was excellent technical analysis with a bit of fundamental analysis as well. To be a good trader, I think you need both. Point is: copper could go back to $4....incredible as that seems.
  10. syswizard

    But what about copper ?

    Copper making the MarketWatch headlines today. http://www.marketwatch.com/story/is-dr-copper-about-to-make-a-house-call-2013-01-07?link=mw_home_kiosk Heck, I wasn't aware there was an ETN (JJC). So there's an alternative to the futures.
  11. syswizard

    But what about copper ?

    Metal stocks fell broadly across Asia on Monday, with Kobe Steel Ltd. and others lower by 1%. The losses came ahead of key earnings for the sector, with aluminum major Alcoa Inc. set to kick off the traditional opening of U.S. reporting season Tuesday. Prices for gold and other metals...
  12. syswizard

    But what about copper ?

    Yep....but I'd love to discuss either side of the trade. I can't see the picture for world economic growth at this stage. That makes a lot of commodities over-priced IMHO. Copper just happens to be one of them. Oil is another !
  13. syswizard

    But what about copper ?

    Not really, all you need to do is catch the trend. Ask Ed Seykota and Larry Williams ! Problem is: few good trends to catch today with these cross-currents. And never forget, with commodities, if you start going "in the money", you just keep buying more contracts. 10 cars of copper = $2500 per...
  14. syswizard

    But what about copper ?

    This is really something...all of these "cross-currents". Guess right...and you're rich; and vise-versa :( I still must go with the short-copper idea....with a weak Europe and slowing China as the main reasons. Also, I don't think there will be much demand from housing in the USA after this...
  15. syswizard

    But what about copper ?

    Wait - doesn't that imply higher interest rates ? Higher rates = more attractive currency, no ? Gold and silver just hate competing assets that pay-out interest or dividends.
  16. syswizard

    But what about copper ?

    Copper is the strong player today...down only 2.5 cents. Whew, Gold and Silver taking it on the chin. With the Fed warning, I think the precious metals play is over.
  17. syswizard

    But what about copper ?

    Remember the lyrics from that old rock song ? "we're going down, down, down...." http://www.marketwatch.com/story/gold-silver-futures-tumble-after-fed-minutes-2013-01-03?link=MW_story_latest_news Ominous.
  18. syswizard

    Inflation to return - one opinion

    http://www.marketwatch.com/story/fed-says-its-running-out-of-bullets-2013-01-03?dist=countdown Copper, Gold, Silver...all selling off on the news the Fed is running out of ammo. Look out belooooooowwwwwww.
  19. syswizard

    Inflation to return - one opinion

    Terry, that's going a bit too far IMHO. What happens when interest rates start to go up ? Money is going to flow out of riskier assets (commodities, equities). Yeah, I know, I know...the Fed is keeping rates low. But they'll have to change their policy when conditions change. Guessing the...
  20. syswizard

    But what about copper ?

    Copper back near that 3.70-3.80 zone-to-short. I think all metals are overpriced at this point. But so far, they've refused to tank.
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