yea, chatter about glencore's counterparty risk, creditors starting to shut the flow of open credit facilities...glencore's bonds starting to dive. Sounds like the they might be the first miner/metals trader take the axe. I would think the aussie stock index and aussie dollar will start to prove this as fact or just rumor by tonight but brazil should have already given us ample warning regarding the copper/gold majors.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
yea, chatter about glencore's counterparty risk, creditors starting to shut the flow of open credit facilities...glencore's bonds starting to dive. Sounds like the they might be the first miner/metals trader take the axe. I would think the aussie stock index and aussie dollar will start to prove this as fact or just rumor by tonight but brazil should have already given us ample warning regarding the copper/gold majors.
sold this morning at .80. about 10 cents less than I wanted but decided to get out, think this drop might turn around mid day and go positive....
congrats on that copper trade..your timing was spot on there. It tried to put in a base at 2270 and when it broke after the fourth time I can see why you rode it down. very nice trade
out of all russell at 1097.5. covered all losses plus from nikkei and crude oil trading.
thanks, i actually shorted a couple of contracts overnight at 2275 as well, but didn't post that before.