You know, when I saw VZ post about copper and he said "trust me" or whatever, I said why not, entered a single long contract on HG in sim. This is the result, as of like a minute ago. I like and dislike VZ at the same time. That fucking magic pencil he has, which he tantalized us with years ago. Mreh.
this is the 2nd day it is going up. I think slim chance it will go up again tomorrow. who knows, it might go up again. trading copper could be quite straightforward. US CME copper, China Shanghai copper tends to move in tandem. I don't have London LME copper data. I would think they all would move in tandem.
Indeed. I don't follow metals on charts at all these days. I just did that on a lark. I can barely keep up with my cows side project. I love cows.
https://www.bloomberg.com/news/arti...toric-squeeze-continues-with-shrinking-stocks https://www.bloomberg.com/news/arti...d-key-role-in-draining-lme-copper-inventories Summary if you can't get around the paywall. https://www.zerohedge.com/commodities/chaos-strikes-copper-town
something is happening to Comex, Shanghai (plus others) copper futures. day range starts to expand again to > 0.14 point (3%) for Comex copper futures. This is significant. it is excellent for day trading.
Copper market facing shortages, says Bristow 12TH JANUARY 2022 BY: BLOOMBERG SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ “Copper is such a strategic metal” and it “without a doubt” faces supply challenges in the coming years, Barrick Gold CEO Mark Bristow said at a mining conference in Saudi Arabia.