RRM,
Read the below
China needs more copper - FP Trading Desk
http://network.nationalpost.com/NP/blogs/tradingdesk/archive/2010/02/18/china-needs-more-copper.aspx
You are commenting more on the position of copper than PNA itself. PNA will still be profitable at short term lower Copper prices and more importantly much of PNA?s SP is dependent on long term exploration and new mines coming online than short term fluctuations in copper price.
Also since you are talking shorting and near term speculation of copper in general then maybe your comments should be placed in a Derivative based thread rather than this one.
PS Don?t get me wrong I am not trying to banish and harass any negative comment on my beloved PNA (rounded arguments are always welcome as we are all here to gain further insight) but maybe add some depth to your comments rather than just talking pure copper and short term views to LME stockpiles. Especially as stock piles and copper prices have had little correlation for a very long time.
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RRM,Read the belowChina needs more copper - FP Trading...
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