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2
Plays
Copper Market Set for ‘Catastrophe,’ Threlkeld Says
Feb. 2 (Bloomberg) -- Copper prices, which more than doubled last year, are set to plunge as speculators unwind positions and global inventories expand, according to David Threlkeld, president of metals trader Resolved Inc.
Submitted by
tschuma417
2/2/2010
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tschuma417
2/2/2010
tschuma417 is playing it
JJC
Short
3.85%
SPY
Short
0.1%
I am playing this headline with (JJC SPY) because "There are about 3 million tons of unreported inventories in China, said Threlkeld. The forecast for a slump to less than $1 a pound -- equivalent to $2,205 a ton"
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