redbacka report.week ended 26/2/10, page-17

paddington bear

yes copper is up but may be due simply to Chile disaster

but could also be fundamentals tied to $US and market sentiment.

China is a big factor and has been holding up nicely.

I was expecting weakness this week based on charts and then a nice bounce over coming weeks but playing it day by day. commodities are up so I am long on selected mining stocks for today. very wary of shorting. could be a repeat of last June where nice bounce up off support developed into an ongoing rally.


jml and kzl nice bounces up today. am wary of pna with ann of chile acquisition


good luck

headline to article at
http://www.theaustralian.com.au/business/markets/copper-prices-likely-to-rise-after-chile-earthquake/story-e6frg91o-1225835428202
COPPER prices are likely to rise when global commodity markets reopen in reaction to the massive earthquake that on Saturday rocked Chile, the world's largest copper-producing nation.


commodity prices at futuresource.com
http://futuresource.quote.com/markets/market.jsp?id=metal

also at cnbc
http://www.cnbc.com/id/15839171/


liveindices is all green today
http://liveindices.com/