copper rallying, page-2

Imho the fundies still would like to push the price lower but they may not be able to do so.

Time will tell but it looks like most of the selling is now behind us, although in this evironment everything is possible.

Once the Chinese start buying again and start pushing the LME stocks down we will certainly break the $2 mark.

But with the US$ getting a little weaker as we speak we may be able to go over the $2 mark without the Chinese buying for now.

time will tell

jojo