why commercials went massively long copper

Posted 26 August 2008 - 11:19 PM

i dont know but someone should tell these suckers that we are entering in a global depression and construction is death for the next decade.... i dont think they did it with the expectations for what turned out to be a slight increase in july new home sales.....and i definitely dont think it has anything to do with ipod or blackberry seriously can anyone give me a logical reason?

• Back to top

Posted 26 August 2008 - 11:35 PM

• Back to top

Posted 27 August 2008 - 12:08 AM

Natural gas commercial position is highest in like 4-5 years. I suspect they foresee supply problems, perhaps due to Russia? Or whatever... dang makes me wanna go out and buy some.

I explained this below, but you're missing a HUGE piece of the picture if you don't include swaps. Here's the massive net long position you refer to (borrowed from Sentimentrader.com):


which ties out to the latest COT report


what's missing are the henry hub swaps......commercials were MASSIVELY short through the latest reporting date....data doesn't include ICE or OTC swaps, nor does it include other basis trades

• Back to top

Posted 27 August 2008 - 12:14 AM

• Back to top

Posted 27 August 2008 - 12:27 AM

• Back to top

Posted 27 August 2008 - 12:36 AM

• Back to top

Posted 27 August 2008 - 12:36 PM

were going to need a lot more pennies when people refuse to take paper money klh

• Back to top