I notice the same thing JC and copper is only hanging around at this high level due to strike in South America and speculators trading and with expectation of possible lower iron price negotiation with the Japanese steel mills after steep falls in the contract price of steel making coals could result in a bit of correction for BHP & RIO.
I'll be looking to get out of my calls and hanging on to my puts on Monday as we might see some money leaving our shore back into the US now that the Dow close above 4 years high. Our market needs a breather.
Good luck.
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I notice the same thing JC and copper is only hanging around at...
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Glen Diemar, MD
Glen Diemar
MD
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