But what about copper ?

[syswizard]

Hey guys - this thread just past the 2 year anniversary !!
Remember when Copper was over $4 ?

 

[syswizard]

Copper, ONCE AGAIN, appears to have held the $3.00 level.
Unbelievable...and this occurred in the context of a soaring US Dollar.
I would not be shorting this guy right now.

 

[marketsurfer]

Copper, ONCE AGAIN, appears to have held the $3.00 level.
Unbelievable...and this occurred in the context of a soaring US Dollar.
I would not be shorting this guy right now.

I still get flashbacks to rK capital when I see a penny!

 

[syswizard]

I still get flashbacks to rK capital when I see a penny!

Surf - I know, I know....I remember how wild the copper market was back then....with huge swings over a couple of months.
Now....it's pretty much dead as the big move has been made.
The only possibility for changing that situation is expanded central bank money creation.
I mean if that puts us into a hyperflationary environment, copper could go over $4 once again.

 

[syswizard]

Gold now firmly above $1200....and the Fed PUTS have once again become cheap.
Copper will remain in a trading range until the inevitable: hyperinflation or deflation.

 

[marketsurfer]

Surf - I know, I know....I remember how wild the copper market was back then....with huge swings over a couple of months.
Now....it's pretty much dead as the big move has been made.
The only possibility for changing that situation is expanded central bank money creation.
I mean if that puts us into a hyperflationary environment, copper could go over $4 once again.

I agree. Keep up the good work on this thread!

 

[Handle123]

Just a matter of time before it takes out 2.92 lows. Just keep selling rallies.

 

[syswizard]

3 dollar level appears to have held once again. Wow, SOMEONE out there does not want this to go below $3.

 

[syswizard]

So, it finally, FINALLY broke $3.0. All I can say is that this market really trys one's patience !!!
So how low do we go ?

 

[blakpacman]

So, it finally, FINALLY broke $3.0. All I can say is that this market really trys one's patience !!!
So how low do we go ?

I know. About friggin' time. Maybe breaks -10 to 15%.
I don't see a massive 2008 style break. China lowered interest rates recently, and may lower again.