MrRenev

Copper: the weak hands have been shaken out.

Long
MrRenev Updated   
COMEX:HG1!   Copper Futures
Massive extensions are not uncommon:




Weekly chart:

The indices falling would not cause the price of copper to fall,
this did not happen previous it is not true that the price is tied
to the economy as what is told. Also chinese people use copper as a
safe store for their money.

Price went down in 2008 but this is irrelevant. Went up in 2000-2007.

Giants China and India are urbanising, demand for copper long term is up up up up.
Tech needs more and more copper. No brainer. Why wouldn't the price go up?
Order cancelled:
Got out. Taking too long, and I need my money to take other trade.
Short gold for example. I am not allowed to risk more than like honestly 0.5% per trade due to regulations and cannot take more than about 4 positions.

Thanks for the restrictions ESMA. Retards.
Comment:
Not even close.



I wonder what it does next?

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