that's cool, I've been after the boss to give me a raise for years. He says he will do it when inflation kicks in. Plus, a couple of times he has gotten shitty with me and threatened to cut it due to deflation. My only hope is that Ben will print a lot of money and I will finally get my raise. It's been a long time coming, and everytime I talk to the Federal Reserve they say it is not on the horizon. Plus, now the price of bacon is going down because everybody is slaughtering their hogs because they can't afford to feed them because of the drought. But that doesn't help me, because we are Kosher.
HGZ2 popped up with Gold at the open.......and then faded all day. $3.80 looks like formidable resistance for this bad boy. More bad news in construction today....I don't how copper can play bullish in a weak construction market.
Copper was weak 2 days ago, and now has recovered. Nice move up to 3.75 level today probably because of news of housing recovery.
Huge move down by this guy on Friday....I believe it hit 3.60. Anyone short from 3.80 is up $5k/contract ! Articles I've read indicate hedge fund managers still very bullish, mainly due to anticipation of a new Chinese economic boom. I think that's....bunk. The only thing to hold up this metal is Uncle Benny's helicopter.