But what about copper ?

[syswizard]

We're back to the $3.75 area once again. Incredible.
This guy is strictly in a trading range....$3.50-$3.75.

 

[oldtime]

Quote from syswizard:

We're back to the $3.75 area once again. Incredible.
This guy is strictly in a trading range....$3.50-$3.75.

copper has gotten a lot of attention lately

I use to hedge for some small time contractors

It's the number one consideration when bidding on a job

I went through this years ago, when gold was going crazy

and they said, "And also, why not copper?"

What has platinum been doing lately?

 

[syswizard]

Quote from oldtime:


What has platinum been doing lately?

Zoom, zoom, ZOOM. Huge run-up from $1500 to $1700 just this year alone.
Unbelievable.
This IMHO is a blow-off top...unsustainable in this weak economy.
Simply a fabrication of the Fed's easy and cheap money stand.

 

[syswizard]

March copper at the ever so critical $3.80 level !!
Everything is "risk off" right now.
I don't "buy it"....employment and economic growth remain weak.
This all due to the Fed. As such, It can't last.

 

[100%-Returns]

i think copper could be hit as its an industrial metal..

I wouldn't be a buyer....

 

[oldtime]

there is a supply shortage with all metals

harder and harder to mine

less and less production

maybe not this year

maybe not this decade

doesn't make any sense to me to be short any commodity

especialy when the only thing that is not in short supply is dollars

 

[100%-Returns]

precious metals are in a bull market agreed but if china slows down fast - demand for industrial commodities will decline as they will have no buyers for the things they make...

the difference with gold and silver is that they are looked at as commodities and alternative currencies..., not just commodities l

 

[syswizard]

Quote from syswizard:

March copper at the ever so critical $3.80 level !!
Everything is "risk off" right now.
I don't "buy it"....employment and economic growth remain weak.
This all due to the Fed. As such, It can't last.

Anybody shorting at these levels ?
Surprisingly, Copper was quite strong today.

 

[Specterx]

Quote from syswizard:

Anybody shorting at these levels ?
Surprisingly, Copper was quite strong today.

I'm stalking it for a short. Copper has been triangulating for about 15 months, quite a large consolidation, and right now is attempting a breakout. If that breakout fails you can get short with very small risk and expect to get the 2010 lows (at least) in 3-6 months - risking 10-20 cents at most to get 90, say. Excellent trade potential if you ask me but I need to see the price turn first.

 

[cdcaveman]

Quote from syswizard:

Anybody shorting at these levels ?
Surprisingly, Copper was quite strong today.

be nice if you posted charts... i'd like to see where your defining these levels and or specutlationsl