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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (19891)	10/13/2004 12:38:07 PM
From: lonesomemoose1	Read Replies (1) \| Respond to of 110194

this is hitting copper stocks: from Myra Saefong, CBS.MarketWatch.com 10:17 AM ET Oct. 13, 2004 excerpt: BHP Billiton PLC (BHP: news, chart) warned that while global demand will continue to outpace copper supplies in the first half of next year, copper supply worldwide would exceed demand in the second half as more production comes on stream, according to Agence France Presse, which cited comments from an analyst briefing

To: mishedlo who wrote (19891)	10/13/2004 12:49:55 PM
From: russwinter	Respond to of 110194

Copper falls on MoP BS (China branch) that gets funds to liquidate in a tizzy, and that has absolutely nothing to do with the supply/demand equation, which is in even more severe shape, than last week, and a month ago, etc, etc. What's changed about that from yesterday? I still see only about 158,000 MT left this AM in Shanghai, Comex, and LME, and that's spit. kitcometals.com Paper markets apparently trumping real markets at least this moment, these guys just love to sell product that doesn't exist (synthetic economics). I doubled my Cu position, bought the Decs at 1.29, had sold a fourth at 142.50, and all my HUGO at about six bucks. Also picked up the Aussie $ at 71.95. Still a little hesitant to go back into HUGO though.