Dr. Copper going on vacation?

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eeuunikkeiexpat
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Re: Dr. Copper going on vacation?

Post by eeuunikkeiexpat » Thu Jan 15, 2015 11:31 am

In commodity markets inside info is not illegal, they know where the stops are, they know the price points where the techies are watching/acting and if they are ultimately backed by central banks and their gov-corp buddies, they go for it.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

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Andres
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Re: Dr. Copper going on vacation?

Post by Andres » Thu Jan 15, 2015 2:17 pm

Not everything is manipulated, but FX markets and commodity futures markets are manipulated a lot more these days than four years ago.
It has required traders to modify their trading "rules" and habits to remain profitable; I know people who have ceased advising and/or trading because of the increased manipulation.

Insider info has effects on the markets; but those effects are different from the effects caused by manipulation.

I am not asserting the recent copper price movement is manipulated, only posing the possibility.
Chile: My expectations are low. Very low.
I accept chaos. I'm not sure whether it accepts me.

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eeuunikkeiexpat
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Re: Dr. Copper going on vacation?

Post by eeuunikkeiexpat » Thu Jan 15, 2015 2:35 pm

I know people who have ceased advising and/or trading because of the increased manipulation.
Count me in that number.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

john
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Re: Dr. Copper going on vacation?

Post by john » Thu Jan 15, 2015 3:30 pm

No, Dr. Copper is not on vacation as the current price seems to be a correct reflection of a global demand slowdown for copper. Regrettably, Chile's economy has already started to feel the negative effects of that unwelcome reality.
One must care about a world one will not see.
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Britkid
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Re: Dr. Copper going on vacation?

Post by Britkid » Thu Jan 15, 2015 7:45 pm

I met someone a week or two ago and he told me he works in Antofagasta (although he lives in Santiago) in projects relatinng to the mining industry, he has been out of work for a while, and he says there is currently a downturn in the availability of jobs there. However he blamed it on the transition of one government to another.

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MoneyMachine
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Re: Dr. Copper going on vacation?

Post by MoneyMachine » Mon Feb 02, 2015 2:58 pm

It seems like the copper price is bottoming. Would it be a good time to pick up some ETN/ETF on copper, e.g. JJC?
caveat emptor

GJJIM
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Re: Dr. Copper going on vacation?

Post by GJJIM » Mon Feb 02, 2015 5:08 pm

MoneyMachine wrote:It seems like the copper price is bottoming. Would it be a good time to pick up some ETN/ETF on copper, e.g. JJC?
Copper is way below its 200 DMA and the 50 DMA is headed down. You know what they say about catching a falling knife.

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Re: Dr. Copper going on vacation?

Post by john » Mon Feb 02, 2015 6:34 pm

GJJIM wrote:
MoneyMachine wrote: You know what they say about catching a falling knife.
I always wanted to be a javelin catcher at the Olympics. :)
One must care about a world one will not see.
--- Bertrand Russell

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