Thursday, August 6, 2020

Speaking of Prices that Appear to Be Stalling: Copper

Following on "EIA Natural Gas Storage Report: Upside Momentum Seems To Be Slowing"

This might be important.
Or it might be an hallucination,
I was dreaming when I wrote this, forgive me if it goes astray.*
From FinViz:


*apologies to Prince Rogers Nelson's literary estate.
Despite standing 5'2" he towered over the average commodity trader.
2.9050 down 0.0090.

If I'm wrong, here's a Bible verse I quoted regarding the whupping that Barclays took:
"Perhaps the most striking manifestation of the 2000s copper boom was the sight of charred human remains dangling from power cables"
In 2010 - 2012 Red Kite were the best copper traders in the world and took so much money off their counterparties they  pretty much destroyed Barclays metals trading division.

Alexander the coppersmith did me much evil: 
the Lord reward him according to his works
-either 2Timothy4:14 or the Barclays guys

More on Red Kite after the jump and as a special gift, one of the best Federal Reserve Bank monographs ever....

Previously:
UPDATED--Barclays Hit With "Immense" Copper Trading Loss; 50 Sigma Move In Cancelled Aluminum Warrants (50-Sigma events don't happen)

Barclays Capital to Wall Street Journal on Copper Losses: "Nonsense"

Barclays, No Sumitomo here, Copper Traders Whupped by Red Kite (BARC.L)

Red Kite: The Folks Who Bested Barclays' Copper Traders
Alexander the coppersmith did me much evil: 
the Lord reward him according to his works
-either 2Timothy4:14 or the Barclays guys

Red Kite Wins Time In Fight Against JP Morgan Copper ETF
Red Kite: "Buy Tin