Hi Alee Taking the total of the BUY/SELL would give you the ratios you quote. To my mind, a more relevant ratio would be to total the BUY/SELL market at 1c above the current price as once the market price approaches this point, the BUY/SELL ratios change dramatically. There are 3m buys and .98m sells up to 1c above the current price. I think this is a much more realistic assessment of the BUY/SELL ratio. The fundamentals of China taking advantage of offloading copper when prices are high would definitely be a factor affecting all copper producers. This country will manipulate to the maximum extent possible and any analysis, whether Chart based or Fundamental must factor this in as a major "Risk".
HGO Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
