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


To: Canuck Dave who wrote (21503)11/8/2004 9:16:26 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
<copper delivery "event" do you think we are? but stuff seemed to appear out of nowhere one day>

There has been a grand total of two days since last summer, where meaningful copper has appeared at the warehouses. Both times the markets tanked, and subsequently those inventories were chewed through. If it happened again, it may be a case of crying wolf. Naturally I find these rare "adds" to be quite suspect. I am beginning to think that it may not take much now to crater the Asian economies, they really look under stress, the WSJ article today being the wake up call that the cognoscenti may start paying attention too. Let's look for a spike followed by the classic CNBC interviews with metals and copper "experts" (and away from energy some), then count about two weeks forward for the Train Wreck inflection point. If CNBC puts a copper ticker up, we know we are there.