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Extremely interesting day for copper. First, CME opens 7 cents down. Then Merrill comes out with this bearish note: http://www.marketwatch.com/story/bofa-merrill-cuts-2013-china-view-to-76-2013-05-14 Now copper has recovered to down 2 cents. WTF ? And this in light of a weak Euro / strong...

http://blogs.marketwatch.com/thetell/2013/05/14/is-tumbling-australian-dollar-canary-in-coal-mine-for-u-s-stocks/ Someone help me out here. Since the Aussies are net exporters of copper, and now their currency decline is making it cheaper in terms of the USD and other currencies, shouldn't...

Big breakdown in the red metal today. The $3.40 level proved to be steep resistance. Now down 8 cents. Strong US dollar likely to be a factor as well as a weak equity market in China.

This has been quite a volatile day for copper on the CME. The intraday price has been jumping all over the place....now up a few pennies.

Morning Copper Market Report Fri 10 May 2013 07:12:01 CT Copper prices have come out of a choppy and volatile overnight session with modest early gains. A large portion of the news flow overnight was thought to be supportive, as global equities were generally higher and economic sentiment...

Sorry, I meant Cash Flow Australia....with that Aussie blond Aurial. This morning copper is showing signs of decoupling from precious metals as it is holding up despite a nearly 3% drop in gold.

On Bloomberg Asia last night (which I highly recommend if you are into commodities), there was talk about an 8% GDP growth for China this year. However, there was also mention of weak construction and building....which supports the short copper idea. Indeed...we are down 4 cents this morning.

Copper Futures Lifted on China Data By Thomson Reuters - Wed 08 May 2013 07:36:59 CT London copper futures edged higher; trading close to a three-week high as strong Chinese data fuelled hopes that an improvement in the world's second biggest economy would spur demand.

Tue May 7, 2013 9:52am EDT LONDON, May 7 (Reuters) - Copper dipped on Tuesday as investors nervously awaited economic data this week from top metals consumer China and on persistent concern about global metals demand despite a recent decline in copper inventories. Chinese trade...

Of course...until inflation starts to rear it's ugly head. It's been incredible to me that all of this "free money" has had no effect on inflation and money velocity. A strong dollar will keep a lid on Copper.

All of the volume has moved to the July contract (HGN3). Prices could reach $3.40/$3.50 should equities remain strong and China growth appears to be strengthening. However, we must watch the US dollar index here as copper trades inversely to it for the most part.

Pretty incredible 20 cent move ($5k per contract !). No news at the CMEGroup on copper. Yeah toolazy, gotta be new improved sentiment over Europe and China with regards to growth. Technically, when copper could not break $3.00, that was a signal to the bears that the big bear move was...

Copper now down 5 pennies despite a weak dollar which is usually constructive. Gold holding even, thus making the red metal the weakest once again. The fundies are just keeping the pressure on this guy. Until there are signs of a European rebound and China shows more growth, I don't see any...

The rally today faded from +5 to +3 pennies. COPX (Copper Miners Index) was flat on a soaring day for equities and gold. That's ominous.

It's had a heckuva bull run since 2010. Feeder Cattle prices have plummeted recently. If grains fall, won't that drag the cattle market down ?

INDEED IT WAS !!! Sold off 6 pennies today from that level.

Goldman sees short-term rebound in copper prices By Sara Sjolin LONDON Analysts at Goldman Sachs said in a fresh note on Wednesday that they expect a rebound in copper prices over the next three months, after it underperformed other metals the past month. With expectations of accelerating...

As expected , the red metal has rallied fiercely past 2 days (just after Goldman came out with a bearish analysis - a coincidence I wonder ?). Definitely some short covering, but also expectations of an improved China and European economic outlook. We are back to the 3.25 which previously...

Only after she fixes that hair !! Gray with Blonde ?

Handle - the fundies always rule in the long run. Markets just remain aloof or unrealistic or irrational for a long time. Look how long it took copper to finally break down. Equities are up because Corporate profits are extremely strong. That's a fundamental. Once their profits get squeezed...