Surf's Special Situation Journal

China's PMI seems to have sparked the rally today---

 

Surf, Icarus' nick is nearly as old as this site.

 

I may be wrong, but here is the evidence, note hoodooman and fibIcarus post the same thing, to the word---

http://www.elitetrader.com/vb/showthread.php?s=&threadid=252390&perpage=6&pagenumber=1

 

You are an imbecile.

 

Bro, he was quoting icarus but neglected to use html tags. The "LOL" was his reply.

 

Ok, man. I see what you mean.

surf

 

Yes, China is the big play here with the red metal. Can China make-up for the lost demand from weaker economies ? That's the $65,000 question.

 

I simply don't have an understanding of it--- i tend to avoid instruments I can't get my mind around completely. BY the way, after we closed out RK, MF rebounded something like 75%--- just terrible timing--

 

Well Surf, I'm not sure if Farmer is still short copper, but today was another weak day....it broke 3.50 basis=december 2012 contract.
3.40 is looming large as the bulls last hope for support.
Otherwise, this thing is gonna break 3.0.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3668923#post3668923
Still, I am expecting a post-election euphoria rally in equities that MIGHT boost the metal. However, it appears the China weakness theme is in vogue and causing a deflationary spiral in this commodity and maybe others as well.

 

He is the big fish in the pond-- I'll try to get in touch with him next week to see if they will share any color.... surf