Copper - Tariff affect ?

Discussion in 'Commodity Futures' started by syswizard, Jun 15, 2018.

  1. Oh my....he took quite a beating...probably in the hundreds of millions of dollars.
     
    #31     Jul 13, 2018
  2. Handle123

    Handle123

    HUH? You been trading copper more than a few years, right?

    You guys, blaming the tariffs? Why did Copper drop from 2011 highs to lows in 2016?
    Had a different regime in then.
    No one saw small breaks of highs on the weeklies? Like a sloppy triple high going back to 2014. Least hedge open profits. System bought more July 6/hedged and staying long.


    upload_2018-7-13_23-3-32.png
     
    #32     Jul 14, 2018
    beginner66 likes this.
  3. Granted that HG can move without provocation. So my answer for the 2011 to 2016 move is reversion-to-the-mean......
    but this latest move is totally tariff-related.
    Cause and effect.
     
    #33     Jul 14, 2018
  4. Are we FINALLY near a bottom here ?
    My gosh, copper has been hammered.....
    Wow, the recent volume as been phenomenal.
     
    #34     Jul 22, 2018
  5. maxinger

    maxinger

    did you long ?

    copper up rather strongly today perhaps due to
    China market, DAX, NQ up
    and USD weakening
     
    #35     Jul 24, 2018
  6. No I did not.....missed it.
    Indeed, the chinese stock market rally was the big cause....it was mombo oversold.
    I'm not sure that copper is going to sustain this rally....lots of short covering here.
    Usually, that does not last long.
     
    #36     Jul 24, 2018
  7. themickey

    themickey

    I'm not buying this metals rally, but, it could do the dirty and climb up a wall of worry.
    But for us downunder termites, the overnight rally in metals stocks appears to be just a jerkoff to get rid of some pent up stress of being oversold. No conviction, just a one night stand.
     
    #37     Jul 24, 2018
  8. Totally agree Mickey....this tariff effect is still quite unknown.
    Now if Trump backs down a bit, that could start a considerable rally back to $3.20.
     
    #38     Jul 24, 2018
  9. treeman

    treeman

    We should get a much better read on it after tomorrow's print.
     
    #39     Jul 26, 2018
  10. treeman

    treeman

    The metals look sick. I’m short silver and rentered short on copper. I figured why not, an went for the trifecta of shorting the yen too. There’s a short leash on it all though.
     
    #40     Jul 26, 2018