But what about copper ?

Despite soaring..... equities, home builders index, gold and silver...
copper showed it's hand:
I'm weak. Up 3 cents.
There's nothing there...no aces, no wildcards.

 

Gold down huge today, copper only down 2 pennies.
My take: the big move down is over.
Any rally in equities due to fiscal cliff solution would likely bring this guy back to the $3.70 area.

 

Amen, Amen to that idea.
Copper up to $3.55 in Globex trading this morning.

 

HGZ2 hit $3.60 today, a nice run-up.

Reflation theme appears to be taking hold.
What a battle !: The deflators vs. the reflators.

 

And HGZ2 hit 3.63 today.
Yet there are 13 million mortgages near or under water.
Not good for housing, or the building sector.
The bullish case remains quite weak IMHO....especially given Europe's condition.
China's the wild card in this speculation.

 

Gold and silver taking a hit today...down 2+%.
Copper now independent of these metals.
Who or what is holding copper up here ?
US Housing ? China ?

 

After a few days of head-faking upwards, copper is taking quite a hit today. Down 5 cents.
Anyone know of news that would have sparked that move ?

 

Copper soaring today - Dec contract hit $3.70.
It's all about China.

 

All metals up today on Fed liquidity news.
Copper back to a ridiculous price of $3.70.
The higher they go, the harder they'll fall.

 

Metal mini-crash today...across the board.
HG down a nickle.
We are back to the deflation theme.
What a yo-yo this has been.