We have a nice 6 cent move up on the CME this morning. Can this turkey remain above $3.40 for any length of time ?
we could be at the start of bull run. Check say RIO.AX, involved in copper. http://www.google.com/finance?chdnp...=ASX:RIO&ntsp=0&fct=big&ei=JLycUZnEOsP1lAWVQw Breaking 60, could propel it to 90. There is not many resources bull around either. Gold, also does not behave right to fall further.
Only for about an hour or so..... Bernanke keeps testing the waters with his constant hints at QE reduction or withdrawal. I believe he really wants to see the effect on the markets. http://www.marketwatch.com/story/wh...punchbowl-2013-05-22?link=MW_home_latest_news
funny, all moves the same. Trading copper or gold or stocks... Agree with you. His speech designed to test market. I think he does not want to crash the market, as this would undo QE's. My take is that market reacted too negatively to push hard with qe stop agenda for now.
watch it mate. I this sellof, resorces did well !! money in the only truth these days. +1 for my version of future !
Resources did well, eh ? Well, Big Ben's big mouth has the red metal down nearly 10 cents in early trading. Same old, same old: end of QE soon, weak demand from China.
Despite roaring equities and the appearance of a strong housing market, copper remains a "no go" commodity. Up only 2 pennies on a day that should warrant at least 5 cents or more.
Despite roaring equities and the appearance of a strong housing market, copper remains a "no go" commodity. Up only 2 pennies on a day that should warrant at least 5 cents or more.