copper price - $1.50 for 2nd half 2009, page-16

entropylord

Great post mate!

Re; " ... China is not going to buy at $2 in order to lose face selling it to Citi for $1.50 The world has changed, and these engineers running China are going to go for assets with tangibility and utility value, rather than the abstract assets they were never comfortable with but were conned into believing in by the Wall Street smoke and mirrors salesmen. ... "

. Based on its earnings performance Citi & its stablemates would probably prefer to sell @ $1.50 & buy @ $2!
. Don't forget the snake oil salesmen! [LOL]

Elliott Wave projections are shown on both a weekly chart & a monthly chart for Copper below. The weekly variant projects to an imminent collapse in price whereas the monthly projects the bull rally to end all bull rallies:






4YIO - NFA