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    Mats
    Rep: 100
    Posts: 262
    1
    I was long in copper were the arrow is but with lack of a proper tradingplan I was out too early unfortunatly.
    I hope I can get long again if this plays out here.
    I think it is very difficult with the continuous contract compared
    with the actual (I think now July) because the high number of contracts traded. But it was not so a couple of weeeks ago!
    So it is hard to know how reliable the continuous contract are.
    If there are anyone that have some opinion on that it would
    be nice hear.



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    Mats
    MA
    Mats
    Rep: 100
    Posts: 262
    0
    There are some reaction in this area with that Ext. 1.902 together with 0.786
    It seems that gold do the opposite I wonder what this
    implies?


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    Mats
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Yes, Mats, copper is seeing the 4PT. I have an upsloping set, and it came right off the lower //. Copper up implies that they think the economy is recovering. If the economy is recovering, the desire for gold lessens, and hence it goes down. Another sign they think the worst has passed. I think they are delusional, but that's another matter. We may have a 'double dip', so they may play the 'up' game until the second dip is pushed into their faces, and that may not be until next year...
    MA
    Mats
    Rep: 100
    Posts: 262
    0
    OK thanks a lot for the answer I did some money in that before and
    I think there will be another oportunity !!

    Mats
    JI
    jimkane
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    Just keep in mind I am not making any recommendations or giving any advice (I never do either), I'm just stating my opinions on the technical analysis.
    MA
    Mats
    Rep: 100
    Posts: 262
    0
    Of course I know that !!

    Mats
    MA
    Mats
    Rep: 100
    Posts: 262
    0
    Copper is doing well.

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    Mats
    JI
    jimkane
    Rep: 3,058
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    0
    quote:
    Originally posted by jimkane

    Yes, Mats, copper is seeing the 4PT. I have an upsloping set, and it came right off the lower //. Copper up implies that they think the economy is recovering. If the economy is recovering, the desire for gold lessens, and hence it goes down. Another sign they think the worst has passed. I think they are delusional, but that's another matter. We may have a 'double dip', so they may play the 'up' game until the second dip is pushed into their faces, and that may not be until next year...
    Mats, did you play off this 4PT? It's continuing to do quite well off it.