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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: siempre who wrote (43828)	1/4/2006 3:50:52 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

The biggest use of copper is in housing. If I am not mistaken cars are another big use for it. I expect copper and industrial metals to take a hit with a serious slowdown in the US which leads to a slowdown in China. If I am not mistaken I also think there will be some new copper mines coming on line, perhaps I am wrong. I am not playing copper short. I never suggested that either. But if copper crashes and remains hugely backwarded buying far out futures might be a damn good play on the LONG side. Just because copper is in a tight supply constraint, there is no guarantee that supplies remain tight. We are not in a peak copper situation that I am aware of. BTW, where did I say copper was in a bubble? I do not think I did. But whether or not it is in a bubble I expect demand for it to drop, possibly very sharply. Mish