Copper High Grade (HG, Comex) & Aluminum (AL, COMEX)

[real1]

Aluminum is a partial substitute for copper; currently copper is more then two times more expensive then the same weight of aluminum. Aluminum is also a component of the Deutsche-bank commodities index DBLCI which is tracked by the DBC ETF.

source: http://cmd-chart.blogspot.com/

 

[TWI]

What is your point? Want to be long Ali/Copper spread?
Boh of these markets are tight as hell but think the flat spec position in copper makes it the short term favourite. Most of the major trade houses have now pushed bullish statements revising up their 06 forecasts for Zinc/Ali/Copper & Nickel. Fundamentally just not enough of this stuff about right now.

 

[real1]

Hg , Al

I will not short any of them , but if I had to choose , I will say that AL might be better place to put money for the next 6 month.

Just the facts , Its a long term commodity bull market - imo.

 

[TWI]

If you had been long copper and ali recently you would be loving copper right now and would be feeling that ali is the dog. I think there may certainly be something brewing up in Ali, just need to wait, like in Nickel recently until a lot of the longs lose patience and we will be off.

 

[real1]

Copper HG

Copper Futures , Comex : HG