Copper?

[TraDaToR]

I'm certainly no Elon Musk, but why can't we just send some spaceship bees to mine gold, silver, nickel, lithium, cobalt, et alia and toss it back to earth with some parachutes? Didn't we just land a rover on mars? I don't see what the problem is.

Economic viability perhaps.

 

[maxinger]

up it goes.

the demand for copper must be super strong.

 

[Overnight]

up it goes.

the demand for copper must be super strong.

You know, when I saw VZ post about copper and he said "trust me" or whatever, I said why not, entered a single long contract on HG in sim.

This is the result, as of like a minute ago.

I like and dislike VZ at the same time. That fucking magic pencil he has, which he tantalized us with years ago. Mreh.

 

[maxinger]

You know, when I saw VZ post about copper and he said "trust me" or whatever, I said why not, entered a single long contract on HG in sim.

This is the result, as of like a minute ago.

View attachment 269393

I like and dislike VZ at the same time. That fucking magic pencil he has, which he tantalized us with years ago. Mreh.

this is the 2nd day it is going up.

I think slim chance it will go up again tomorrow.
who knows, it might go up again.

trading copper could be quite straightforward.
US CME copper,
China Shanghai copper tends to move in tandem.

I don't have London LME copper data.
I would think they all would move in tandem.

 

[Overnight]

this is the 2nd day it is going up.

I think slim chance it will go up again tomorrow.
who knows, it might go up again.

Indeed. I don't follow metals on charts at all these days. I just did that on a lark. I can barely keep up with my cows side project. I love cows.

 

[maxinger]

it seems like, over the next few hours, it might not go further up.

 

[abc1234]

https://www.bloomberg.com/news/arti...toric-squeeze-continues-with-shrinking-stocks

https://www.bloomberg.com/news/arti...d-key-role-in-draining-lme-copper-inventories

Summary if you can't get around the paywall.
https://www.zerohedge.com/commodities/chaos-strikes-copper-town

 

[maxinger]

something is happening to Comex, Shanghai (plus others) copper futures.
day range starts to expand again to > 0.14 point (3%) for Comex copper futures.
This is significant.

it is excellent for day trading.

 

[CannonTrading_Ilan]

 

[maxinger]

Copper market facing shortages, says Bristow

12TH JANUARY 2022

BY: BLOOMBERG

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“Copper is such a strategic metal” and it “without a doubt” faces supply challenges in the coming years, Barrick Gold CEO Mark Bristow said at a mining conference in Saudi Arabia.