Was wrong about the breakout, so might as well predict the opposite now: Copper will soon fall below 2.50.
Red Kite (hedge fund) is caught long copper and loosing their ass. They will pound cooper the next few days now that the cat is out of the bag to make them suffer.
wondering how you knew that info last night, when headlines only came out this morning on bloomberg........
Holy crap! I thought the cat was out of the bag and never checked the market.... Would of been a handsome short. Did not start the selloff till the right coasters were shaking off the hangover and reading the news. Another hedge fund goes bust and the vultures will be rushing in. "Sell Mortimer sell!!! Get back in there and sell!!!!!" God bless Ralph Bellamy and Don Ameche!!!!!!!
http://www.bloomberg.com/apps/news?pid=20602013&sid=a5xJCYENQ8xY&refer=commodity_futures very good short....china stockpiles increasing...decreasing demand.