But what about copper ?

[syswizard]

Quote from cdcaveman:

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

I would do it if I had a hosted presence to place the pictures. Verizon stopped giving out giving out web space years ago.

 

[syswizard]

http://www.marketwatch.com/story/copper-miners-to-nouveaux-bulls-risk-off-2013-02-04?dist=beforebell
Very interesting article. This was a big move, but the metal itself did not follow. Is this a pre-cursor to weakness (finally) in the red metal ?

 

[syswizard]

Everything green today....except copper.

 

[syswizard]

Quote from Specterx:

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.

I've figured it out....re: what's holding the copper market up: FXI. Look at that proxy for Chinese economic growth. It's been very strong recently.
Over 38 thousand March contracts trading today...WOWZER.
This is a "gentlemen, place your bets" situation.
Could break either way.

 

[oldtime]

Quote from syswizard:

I've figured it out....re: what's holding the copper market up: FXI. Look at that proxy for Chinese economic growth. It's been very strong recently.
Over 38 thousand March contracts trading today...WOWZER.
This is a "gentlemen, place your bets" situation.
Could break either way.

don't forget, those chinese contracts are itty bitty

38k chinese is about like 3800 American

freaked mew out the first time i saw how much corn was trading over there

till I realized how small a Chinese contract is

 

[cdcaveman]

Quote from syswizard:

I would do it if I had a hosted presence to place the pictures. Verizon stopped giving out giving out web space years ago.

Image shack I use...

 

[syswizard]

Quote from cdcaveman:

Image shack I use...

I just signed up...thanks for that.

 

[syswizard]

Quote from syswizard:

I've figured it out....re: what's holding the copper market up: FXI.

March copper following FXI "to a Tee" today !
Incredible.
Gentlemen, I think I've finally figured this market out.

 

[cdcaveman]

Quote from syswizard:

March copper following FXI "to a Tee" today !
Incredible.
Gentlemen, I think I've finally figured this market out.

You have the price drivers pinned ?

 

[syswizard]

Quote from cdcaveman:

You have the price drivers pinned ?

Hmmm...maybe not.
FXI down over 1% percent today....but March copper barely moving down.
Incredible. Who's holding up the copper market ?
Is Michael Farmer in there long I wonder ?