Surf - Happy New Year. I know Copper is a sore subject (aka Farmer !), but check out this marketwatch article.....it's all about China. I knew that ! I wonder if Farmer is short (again) ? http://blogs.marketwatch.com/thetel...hina-goes-bust/ -------------------------------------------------------------------------------- Trade No. 1: Sell base metals and other commodities Prices for base metals such as copper are likely to fall by as much as 50% in a worst-case scenario, while Brent crude oil would fall 30% to about $75 a barrel, according to SocGenâs Michael Haigh. He said there would be negative implications for all commodities, as China accounts for about 40% of global base-metal consumption, 23% of major agricultural crops, and 20% of non-renewable resources.
But data out of China today is constructive for copper....up 4 pennies on the CME. You just can't put-down China...it keeps bouncing back !
OK, if I can make a TA based prediction.... I say we will top today (nice doubletop on the daily) and from here we will go back and close the gap from the beginning of the year. I give it 2 weeks...
we are holding positions here---YM long and HLF short is looking sweet right now--- the company failed in a big way to defend against Ackman's claims during the meeting this morning--- I expect to see HLF in the 20's soon. This and the other dream thief MLM schemes need to be exposed for what it really is. surf BURN BABY BURN
Nice Surf...and I agree...especially after the CEO's statement about "selling dreams"...what a croc. "dream thiefs"....I like that !
Price Drivers 131 points positive on march YM trade--- holding here- PD's shifting more bullish today--- very confident on the 1000 point call earlier. congrats to everyone, even the chart TA brigade, who are catching this move!!