Entries on 26-October 08
copper futures....will we see $160? then what?
Posted by hiker, Oct 26 2008, 10:59 AM in market averages
Since 1959, major copper price declines have been:
a. 1966 April, for a decline of almost 50%
b. 1974 May, for a decline of 62.5%
c. 1980 Feb, for a decline of 62.5%
d. 1988 Dec, for a decline of 62.5%
now - $160 area represents:
-62.5% from the May, 2008, top
chart and more here -
http://www.websitetoolbox.com/tool/post/fi...post?id=3062071
Comments
hiker, Oct 26 2008, 12:30 PM
John,
my primary intent in sharing this copper info. is:
it relates to a guage of expectations for the global economy and financial markets.
I am active as a commodity futures trader, so trading the futures vs. related stocks is my preference.
FCX has been one I have been trading.
my primary intent in sharing this copper info. is:
it relates to a guage of expectations for the global economy and financial markets.
I am active as a commodity futures trader, so trading the futures vs. related stocks is my preference.
FCX has been one I have been trading.
Long PCU? FCX?