But what about copper ?

so why chinese index cannot move from 2k to 3k?

copper follows quite nicely china index, so why copper could not make it to $5, say, in this scenario ?

add bunch of conviction shorts that will help the move, sand voila, we could see >>5
 
Quote from toolazy:

so why chinese index cannot move from 2k to 3k?

copper follows quite nicely china index, so why copper could not make it to $5, say, in this scenario ?

add bunch of conviction shorts that will help the move, sand voila, we could see >>5
More...

Well, it seems to me that the two trends are very similar to each other. Shangai and copper have experienced similar stories so far, but it may also be that with the move towards a Chinese consumption economy, the correlation tends to be less strong in the coming years.
 
Copper Gains as China Growth Buoys Prices
By Thomson Reuters - Mon 12 Aug 2013 07:42:23 CT
London copper edged higher as signs of stabilizing growth in top metals consumer China continued to support prices.
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Commentary: Bloomberg this morning indicated that Chinese banks are lending again. Still, copper has not moved much today and has likely already discounted this news. Interestingly, zooming gold prices today haven't had an effect either.
 
Silver up a whopping 5% today yet copper is a "no go".
With the recent poor earnings announcements, economies around the world are going nowhere fast.
Without wage growth, there can be no sustained inflation. So precious metals are going nowhere without inflation, a terrorist attack or a war.
 
As I was saying in my previous post, I think that the resistance of 340 won't let the copper go any further, but I can see a certain vitality on the copper.
 
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