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  1. syswizard

    But what about copper ?

    Now back down to $3.14....so yesterday looks like short covering. The media still reports of a coming weak China market and for lower commodity prices as a result. Still, it hasn't happened.
  2. syswizard

    But what about copper ?

    That lasted about a nanosecond. July back to $3.17. Choppy market at best.
  3. syswizard

    But what about copper ?

    July contract up near $3.20 !!! One might wonder: is the bear case finished for now ? As long as we are in this low interest rate environment, it will be.
  4. syswizard

    But what about copper ?

    Oh, quit it....everyone just ignores his antics, all from his Italian heritage. In this case, he's screaming because HE ISN"T IN THAT GAME. He's jealous. Establishing a successful HFT firm is a ton of research and hard work. In contrast, any bum could set-up a $10k account at interactive...
  5. syswizard

    But what about copper ?

    Interesting. Only down a penny or so today on a bad hair day for equities. I agree...I think we could see as high as $3.25 over the next 3 months. It's uncanny how it's stayed above $3.00 in the recent swoon.
  6. syswizard

    But what about copper ?

    July contract unchanged this morning standing at $3.16. Incredibly, LME stock levels continue to plunge. Now at 197,475 tons. I've never seen it below 200,000 tons.
  7. syswizard

    But what about copper ?

    Copper up with precious metals this morning. We are definitely back to "risk on". Nothing much going to happen until interest rates or currencies begin to rock.
  8. syswizard

    But what about copper ?

    Copper off to the races this morning....up 6-7 cents !! London stocks continue to decline: 208,325 tons. That's one reason...the other is soaring equities.
  9. syswizard

    EU - where is it going next?

    What a head fake the other day !!! Euro continues to fall under 1.38 - wow.
  10. syswizard

    EU - where is it going next?

    Wow - what a move this morning in the Euro.....I show it hitting nearly 1.40 and then a sharp drop.
  11. syswizard

    EU - where is it going next?

    Other than Great Britain, the rest of Europe is still dicey economically. The Euro must fall to reduce the chances of recession. It's just a matter of time. Selling FXE call options might be a good strategy right now.
  12. syswizard

    But what about copper ?

    Once again the red metal holds the line at $3.00. Nice bounce on Friday. Stock levels remain at record lows: 229,800 tons at the LME.
  13. syswizard

    But what about copper ?

    Indeed.....a 4 cent rally has ensued. Of course there is likely no explanation. Anyone notice that China's Shanghai Index has been going nowhere the past few months ?
  14. syswizard

    But what about copper ?

    July contracting holding at 3.03 this morning. There's that proverbial "line in the sand" at 3.00.
  15. syswizard

    But what about copper ?

    Copper has now slipped 2 pennies....likely on stronger US Dollar.
  16. syswizard

    But what about copper ?

    July contract now the active front month. Market is still in contango albeit not as severe as it was 8 weeks ago. Even-steven this morning as far as price goes.
  17. syswizard

    But what about copper ?

    Quite a nice rally past few days. For the downtrend to remain in effect, cash copper must stay under $3.20. If that is breached, then purchasing pullbacks may be appropriate now.
  18. syswizard

    But what about copper ?

    The red metal is dead.....it ain't moving one way or the other.
  19. syswizard

    But what about copper ?

    Congrats to Murray on completing the SIX HUNDREDTH post in this thread..... which now spans 100 pages ! May copper at $3.04 this morning. LME Stock levels down to 242,300 tons.....that is likely keeping a bottom on prices for the moment.
  20. syswizard

    EU - where is it going next?

    I'm thinking of playing it with FXE long puts or a debit spread.
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