Recent content by elliott

Minx, Basically the benchmark contract traded in base metals is 90 days forward. For instance, we are trading for the18th of Jan 05 today. When a position is opened for a particular date, it must be closed for the same date. Therefore what happens is, you trade basis the 3month price and then...

peterTT Had a big sell off in Lead, but likeing it down at these levels. On most of the base metals now, we are getting to prices where it is attractive for consumers to start picking up material. Although it looks like some of the hedge funds have unloaded, we are still seeingh tightness due...

Hi guys, Base metals currently witnessing some huge fund liquidation. Copper, Ali, Nickel all suffering big losses. The markets seem to be holding at present but are way off the highs. Fundamentally, Copper and Ali demand still outweighs production and should continue higher.......eventually...