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Huge break down in Copper over the Cyprus situation....counter to the precious metals which are up. One might ask: what the heck does Cyprus have to do with the price of copper ? Great question ! Likely answer: nothing. Copper is just showing how shaky it has been lately. The longs were just...

Cyprus situation putting more pressure on the red metal. Can it crack it below $3.40 ? Oh boy...this just came in from Marketwatch.com: Gold found some buyers, with gold for April delivery GCJ3 +0.24% up $4.30 at $1,596.90 an ounce, but copper fell, with the May contract HGK3 -2.30%...

Nice Surf. Cyprus=Greece, it twas eventually going to happen. Interesting how it played out over a weekend....hmmmm. We are now back to "tough times" once again. Well this is definitely a rally ender.

http://blogs.marketwatch.com/cody/2013/03/15/crime-confidence-and-precious-metal-price-fixing/ Any implications for copper ? Heck, that's huge on the London exchange as well.

Sorry, can't agree...until it's been BACKTESTED. Everything is conjecture until the results of the back testing come in. Heck, it could have some merit: go long when the slope goes positive, go short when it goes negative. So with that strategy, traders would be long right now.

That is exactly what I discovered. Too much logic simply results in curve-fitting to PAST data. Not good for future results. That being said, the shorter the time-frame, the more logic can be applied. I.E. HFT does require somewhat more complex logic. But you are trading in hours for instance...

Back down to the ever-so-important $3.50 level. Moved down today in sympathy with the FXI. Very weak price action recently.....IMHO.

Really interesting comment Oldtime....obviously, it had no effect on CME or NYMEX futures prices. So China's on the "copper standard" now, eh ? (vs. the gold standard). That's gotta be bearish, no ? When we went OFF the gold standard, gold soared. China is doing the opposite....so the Yuan...

Everything up today except.....metals. What's up with that ? Currency moves ?

Australia's strong labor market has no effect on the red metal. Chinese proxy FXI is up, but futures barely holding on to gains. This is quite a "tell", no ? And this possibility has simply huge implications for the price of copper...

All I can say about Gold and actually this applies to all of the metals: Once there appears to be even a remote end to QE3, all hell's gonna break loose on commodities in general. We are going south HUGELY and RAPIDLY.

I think his next gig is a no-brainer: At the trading desk of an IB (GS, JPM, Citi) He's got both discretionary and algo experience ? Wow, that's huge. Many IB's are moving towards all automated trading....and he can assist in that migration.

$3.50 appears to be holding....copper played-out in sympathy with gold yesterday.

So what's your point ? It's just a set of reference points.

http://www.marketwatch.com/story/look-at-commodities-not-equities-for-new-trades-2013-03-12 I had no idea you could play the ags with ETF's !! Wow, there's already been quite a downward move.

Some short covering today perhaps with the near term contract up 4 pennies ?

Got it. I guess it's just "gentlemen, place your bets" then.

http://blogs.marketwatch.com/thetell/2013/03/11/corn-prices-are-set-to-fall-30-by-end-of-the-year-capital-economics/ Anyone buying this bear story ? Probably highly dependent upon weather...as usual, right ?

A picture is worth a thousand words. Slight trend up since Jan 2010. Shorter term: it's been a roller coaster. Now forming a huge wedge.

Pressure, pressure: $3.48 (remember the song by Billy Joel)