07 February 2011

Copper : Taken Some Profit at 460

  • Like corn, this has been a stellar performer here. Difference is that the monthly chart has broken to new historical (my chart only back to 1988) highs so am more comfortable running a big long position here still (vis a vis corn).
  • Nevertheless, taken profit on 20% of long HGH1 position at 460 on Friday.
  • Will let a more substantive core long run for longer than the corn trade.

3 comments:

ryan said...

Happy Chinese New Year!

Happy Chinese New Year

“Gung Hay Fat Choy!
In China, Every Girl And Boy
Celebrates The New Year
In A Very Special Way ----
With Fireworks And Dragons,
Colored Red And Gold ----
They Welcome In The New Year
And Chase Away The Old!”

Taichiseal said...

Yes .. much I would like to forget about the old ..

Taichiseal said...

Paid 453 post China rate hike.