But what about copper ?
- Thread starter syswizard
- Start date
CME Session Silver Market Report
Thu 07 Feb 2013 11:08:25 CT Related Keywords: Metals
March silver displayed a significant two sided trade early today into and through the US scheduled data flows. Surprisingly silver dove sharply into the data window, but then forged an impressive low to high run up of almost 30 cents an ounce. As in gold, some silver bulls were probably fretting over the news of declining productivity readings, as the Fed has historically used productivity readings as a major factor guiding their policies. It did seem as if silver was one of the weaker components of the metals complex this morning.
I don't quite "get" the correlation here. One would think less productivity = higher chance of inflation = higher prices.
Thu 07 Feb 2013 11:08:25 CT Related Keywords: Metals
March silver displayed a significant two sided trade early today into and through the US scheduled data flows. Surprisingly silver dove sharply into the data window, but then forged an impressive low to high run up of almost 30 cents an ounce. As in gold, some silver bulls were probably fretting over the news of declining productivity readings, as the Fed has historically used productivity readings as a major factor guiding their policies. It did seem as if silver was one of the weaker components of the metals complex this morning.
I don't quite "get" the correlation here. One would think less productivity = higher chance of inflation = higher prices.
And reports like this are quite market-moving:
http://www.marketwatch.com/story/ch...-january-2013-02-07?link=MW_story_latest_news
Copper up 2 pennies on this news alone.
don't short that copper
all the surprise is going to be on the upside
it has been that way since the day I was born
we have more supply than we know what to do with
but it only takes a little demand
and we don't know where we are going to get anymore
spend some time down in Mexico and see how the deal works
If you don't want to get your feet dirty, just go down to Douglas, AZ and watch it come across.
Never been to China, but I imagine it is the same way.