But what about copper ?

[syswizard]

Quote from syswizard:

For the time-being, you are correct.

We have a nice 6 cent move up on the CME this morning.
Can this turkey remain above $3.40 for any length of time ?

 

[toolazy]

Quote from syswizard:

We have a nice 6 cent move up on the CME this morning.
Can this turkey remain above $3.40 for any length of time ?

we could be at the start of bull run. Check say RIO.AX, involved in copper.

http://www.google.com/finance?chdnp...=ASX:RIO&ntsp=0&fct=big&ei=JLycUZnEOsP1lAWVQw

Breaking 60, could propel it to 90.

There is not many resources bull around either.

Gold, also does not behave right to fall further.

 

[syswizard]

Quote from syswizard:

Can this turkey remain above $3.40 for any length of time ?

Only for about an hour or so.....

Bernanke keeps testing the waters with his constant hints at QE reduction or withdrawal. I believe he really wants to see the effect on the markets. http://www.marketwatch.com/story/wh...punchbowl-2013-05-22?link=MW_home_latest_news

 

[toolazy]

funny, all moves the same. Trading copper or gold or stocks...

Agree with you. His speech designed to test market. I think he does not want to crash the market, as this would undo QE's.

My take is that market reacted too negatively to push hard with qe stop agenda for now.

 

[syswizard]

Quote from toolazy:

we could be at the start of bull run. Check say RIO.AX, involved in copper.

http://www.google.com/finance?chdnp...=ASX:RIO&ntsp=0&fct=big&ei=JLycUZnEOsP1lAWVQw

Breaking 60, could propel it to 90.

Wow, did that guy ever get whacked !!!
Can't see the bull case either.

 

[toolazy]

Quote from syswizard:

Wow, did that guy ever get whacked !!!
Can't see the bull case either.

watch it mate. I this sellof, resorces did well !!

money in the only truth these days. +1 for my version of future !

 

[syswizard]

Resources did well, eh ?
Well, Big Ben's big mouth has the red metal down nearly 10 cents in early trading.
Same old, same old: end of QE soon, weak demand from China.

 

[syswizard]

Equities recovered today....but guess who did not ?
We are down 10 cents now.

 

[syswizard]

Despite roaring equities and the appearance of a strong housing market, copper remains a "no go" commodity.
Up only 2 pennies on a day that should warrant at least 5 cents or more.

 

[syswizard]

Despite roaring equities and the appearance of a strong housing market, copper remains a "no go" commodity.
Up only 2 pennies on a day that should warrant at least 5 cents or more.