But what about copper ?

Haven't posted in a while...and what happened in the mean time is a nice rally.
However, it's built upon expectations of a continuing recovery:
http://www.marketwatch.com/story/copper-prices-make-a-comeback-2014-08-24-22485338

 

Sell rallies in Copper, long term downtrend for me

 

Copper's really been moving lately. Anyone know the reason ?
One day it's near $1.20, and then $1.07 or so....wow.
News from China perhaps ?

 

Wonder how long till Copper break 2.92?

 

May not happen with all of the new stimulus coming down the pike.....Europe, Japan, and of course China.
Central banks may take the hyperinflation route to avoid depression.

 

Hmmm....look at what happened to the shorts today: CREAMED.
Massive short covering, no question about it. Also, copper trading in opposition of the US dollar.
The future price direction all depends upon the actions of the central banks and worldwide economies.
What looked like an "obvious" short, is now not so.....

 

Well, if Dec Copper gets to 3.27, I will short more of it and of course hedge, buy calls above the market.

 

Nice call Handle....back down we go. Wow, it's getting volatile....natch....too many variables right now.
My call: Fed tightening will be the catalyst for below 3.00 movement.
When oh when however ? I think we are at least 6 months away from that...Europe has got to revive first.

 

We are only 2 pennies away from the June lows.....the drama, the drama.
Suddenly this guy has turned from boring to interesting.

 

I have always been interested in it, maybe if you would include Credit Spreads in your long term trading of markets you trade can add to bottom line? Like when you are short futures, and you think a medium bounce up will occur, do some Put credit spreads and when you think of adding to your short futures position, take profit on spread position and either add short futures and/or do Call credit spreads. Market I keep adding to is Natural Gas, it showing signs of basing. Been long couple years in it, rollovers and made a little in it, just waiting for big trend spike up. All markets are more interesting when you add options to them or even spreading the futures, that is not to say you can't risk less, have to know what you are trading and the risks.