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Gold/Mining/Energy : Copper - analysis
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To: Stephen O who wrote (1277)8/18/2005 10:05:43 AM
From: Robert Douglas  Read Replies (1) of 2131
 
Will this be the start of a slowdown in copper prices?

For the first time in about 2 1/2 years, I have no long position in copper futures. I think we have reached equilibrium in the copper market and that could be a disappointment to many traders. I'm just not willing to risk it. Long term, I think copper will be in tight supply but I think there's going to be some big downdrafts in the price.
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