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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Mac who wrote (29092)4/14/2004 5:48:12 PM
From: Stephen O  Read Replies (2) of 39344
 
Denis Gartman went short copper in his Monday letter with a cover stop at $1.305. Why, because the chart of copper shows a top and break below trend line. Yet copper is continuing to decline rapidly from warehouses, more is used than produced. Commodity 101 tells me that copper will be going up not down. Today copper was up 1.4c to $1.294.
That is sure a short term trade.
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