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Well, well, well.....the Yen has finally showed it's weak hand. That was quite a "shake-out" move 4-5 weeks ago....for the shorts.

Yes, and more importantly, everyone is starting to talk about the mining stocks.....in a bullish tone. They've really been beaten down past 12 months. That's why shorting copper now is so dicey. 6 months ago when it was strong was the time to go short.

Copper Offered, Finds Foothold on Demand Expectations By Thomson Reuters - Wed 04 Sep 2013 07:01:49 CT London copper prices edged lower, hurt by receding appetite for risk as an air strike on Syria looked more likely, but supported by signs the global economy is finally getting on track...

Morning Copper Market Report Tue 03 Sep 2013 07:22:15 CT Copper was able to post sizable gains during the overnight session, which some traders found surprising as it came in spite of some adverse currency market action as well as news of a rather large rise in copper exchange stocks. LME...

Euro-zone factory rebound spreads to Spain, Italy Recovery seen in countries hit by fiscal crisis http://www.marketwatch.com/story/euro-zone-factory-rebound-spreads-to-spain-italy-2013-09-02 Quandary: is this a blip or will this last ? Copper up 5 cents on this news.

It's all about the precious metals now: http://www.marketwatch.com/story/gold-looks-good-here-but-silver-looks-even-better-2013-08-30?dist=lcountdown The big question is: does this possibility have any implications for the NON precious metals ? If inflation takes off, then all commodities...

Morning Copper Market Report Thu 29 Aug 2013 07:31:25 CT December copper came close to reaching a new 2-week low during overnight trading, but has been able to recover from early pressure and has bounced back to unchanged levels this morning. In addition to adverse currency market action...

Surf - check out the recent posts in my award-winning thread "But what about copper" in the Metals section. I contend the Chinese themselves are holding up the price.

Copper Adds to Slide, But Finds Support in Global Growth Hopes By Thomson Reuters - Thu 29 Aug 2013 07:25:49 CT London copper fell for a third session, as the dollar rose against a basket of currencies, but was underpinned by steady Chinese demand and the prospect of a slow revival in global...

Out of the mouth of Ross Westgate this morning on CNBC: "Copper will remain weak for the foreseeable future due to lower demand from China." Down 2 cents this morning.

Copper up in sympathy with precious metals today....I think. Still, it's not up by much. China's recent news of 7%+ growth has not moved it by much.

Sept contract went up to almost $3.40 before pulling back to $3.32. Key reversal day imminent ?

Exactly...and that's why the short on copper is so "iffy" right now. Keep in mind, EWT indicates that #5 usually ends the rally. So here's the scenario that would cause the above: The central banks do not stop the QE'ing and inflation takes off. Then they try to put on the brakes and every...

http://www.marketwatch.com/story/commodity-prices-are-about-to-explode-2013-08-21 Once again, a complete "miss" on the fundamentals. Inflation cannot be sustained in a weak wage environment. Oh, prices could rise for a short period of time, but eventually they will implode.

Of course, as I had mentioned before, this bugger is going to move based on the news and here it is: http://blogs.marketwatch.com/capitolreport/2013/08/22/global-manufacturing-on-the-upswing-according-to-pmi-data/ Still, looking at this time series, the trend is flat-at-best and this could...

And down it goes. 100 level for oil has got to be mombo from a psych standpoint for the bulls.

Wish I did Surf. The initial target 3 months ago was $3.0 and we reached that. Now we are looking like range-bound $3.00 to $3.50. It's just going to moving around on the news. Better outlook for Europe has sparked the latest strength. I think we can break below $3.0 if the QE reduction...

Copper Leans Lower as Trade Noses Around for FOMC News By Thomson Reuters - Mon 19 Aug 2013 07:47:16 CT London copper eased as markets waited for more clues on when the U.S. Federal Reserve may trim its commodity-friendly stimulus, after climbing for three of the past four weeks on evidence of...

Yes, I agree. This is a time for quandary. Deflation has not quite taken hold...that's why gold is holding and so is the red metal. Once it does....LOOK OUT BELOW. We'll be back to 2008....after all, we've had a 5 year "run".

$3.37 for Sept Copper. How high can this pig fly ?