There was a good thread here on copper when it was rocketing up [link]
What convinced me the most was the rapidly increasing Chinese stockpile
Now it seems that domestic consumption isn't keeping up, so its being exported in a hurry, hence the weakness,
Was lucky enough to get in at 0.28 and out of 0.53. Also noting that Aluminium prices are falling which is a substitute when copper prices are high (Al/Cu tend to move together). I'll reenter once I see some bottoming of Cu/Al prices. A1M will do just fine. Longer term demand thesis for Cu is solid IMO.
A1M Price at posting:
33.0¢ Sentiment: Hold Disclosure: Not Held
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