It's comforting to know the market is crazy and fertile territory for manipulation.
Good to see copper price holding above $14k/tonne
The shorter's continue to build their short positions and distort the market in the hope of fooling the super followers who think others know better.
I guess the shorters see the general drop in markets associated with fear of an American Recession as a good little helper to their fear mongering. I guess they won't retreat until after the bottom is firmly established.
Knowing how quickly markets can turn I wouldn't like to be sitting on a pile of shorts even if they were 1.4c in the money. There are much safer ways to make money.
Ann: Quarterly Activity Report and Appendix 5B for 30 June 2024, page-30
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