- 2 decent runs in the short Copper trade [Round 1 (381-322) initiated 20Sep11 and Round 2 (339-307) 27Sep11] recently.
- Round 3 now. Initiated fresh short at 324.10 as part of overall strategy of stepping up Risk Off into this general bout of optimism about a co-ordinated solution being formulated for recapitalization of European banks.
- Expect 272.50 to be reached.
- Other trades re-established include US Ten Years and USD/CAD. All new trades under water at the moment.
- Bullets not all spent yet.
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