opportunity knocking, page-2

As for copper I was listening to an interview for the CEO of the largest copper trading company (Freeport) who said his copper production and out look remained robust and that producing at $1 per pound meant he could take the hits and still make money.

Again from my previous post (dropped too far down) Goldman Sach on copper today-

- "They also cut their 12-month target for copper [HGCV1 3.05 -0.1005 (-3.19%) ] to $9,500 per metric ton from a previous forecast of $11,000 per metric ton.

But even this downward revised target "still suggests substantial upside" from the current price of around $6,840, the analysts noted.

"We also note that the speed and magnitude of the copper sell-off suggests an accumulating short position in the market," the Goldman Sachs analysts wrote


Oscar