But what about copper ?

[toolazy]

3 or so weeks ago au primeminister declared resources boom dead.

seem like excellent entry point to start new wave of the boom.

building properties not for living but for investment. That is financial novelty of newly born fascist era. And will find many people offguard. Better property than paper I guess. Even better than gold.....

 

[elisab]

It 'obvious that the price of copper at the moment is only serving a Chinese soft landing, but in case of a crisis of emerging countries (India?), then the supports that have been sustaining the price for several months would definitely be violated.

 

[syswizard]

Well gang, Sept copper up to $3.20 this morning.
Goes to show you how tricky this market has become.

 

[syswizard]

Equities, Gold, Oil all crumbling today....but copper is holding even.
It's gotta be due to the weak US Dollar, right ?

 

[trade4succes]

Under a weak US-dollar, why wouldn't the other three you mentioned hold up well?

 

[syswizard]

Quote from trade4succes:

Under a weak US-dollar, why wouldn't the other three you mentioned hold up well?

Apparently the fundies are weaker than the dollar-denominated advantage ?

 

[syswizard]

Quote from trade4succes:

Under a weak US-dollar, why wouldn't the other three you mentioned hold up well?

Apparently the fundies are weaker than the dollar-denominated advantage ?

 

[syswizard]

August copper down, but September is flatish.
What the ...#@$ ?
This is getting kinda crazy.

 

[syswizard]

Zooming up this morning on news from China.
See ? Told ya so.
It's all about China.
Unless that was a one-time event, the short side of copper is not looking like a great position.
I think it'll be a trading affair for a while...up and down.
No major moves for some time.

 

[elisab]

It’s clear that the market is short of copper because it has very negative expectations about China, but if these are resized then Dr Copper will be back.