The Prospector News

Gianni Kovacevic – “Copper: The Big Short”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Gianni Kovacevic – “Copper: The Big Short”

 

 

 

 

 

Earlier today, Andy Home of Reuters put out a detailed article on record short positions against copper. Below is line from the article: 

 

“The big fund short is back, the money men flexing their bearish views on copper out to 91,547 contracts. That’s a new record, eclipsing the previous record short of 87,942 contracts in July last year.”

 

It is interesting to note that during times of extreme pessimism, speculators and fabricators augment each other’s efforts – that is to say, they’re both happy as they make more money (with falling prices) in their bearish views. However, when the tide changes, they become mortal enemies, as the actual end-users, the fabricators and manufacturers, trip over each other with the speculators pushing their prices higher and higher. 

 

We recall Winston Churchill’s brilliant comment about his change of tone once America had entered World War 2.  Paraphrasing: “Oh! That is the way we talked to her while we were wooing her; now that she is in the harem, we talk to her quite differently.”

 

The stage is set. Let’s see how these bearish bets unwind in the coming weeks and months. 

 

Posted June 11, 2019

Share this news article

MORE or "UNCATEGORIZED"


RNC Minerals Closes Oversubscribed $18.5 Million Bought Deal Financing

RNC Minerals (TSX: RNX) is pleased to announce that it has closed... READ MORE

September 20, 2019

Moneta Announces Closing of Strategic Investment by Eric Sprott

Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) is p... READ MORE

September 20, 2019

Golden Tag Resources Closes $1.5 Million Financing Including Strategic Investment by Eric Sprott

Golden Tag Resources Ltd. (TSX-V: GOG) is pleased to announ... READ MORE

September 20, 2019

Osisko Increases Credit Facility to $400 Million

Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) is pleased to ... READ MORE

September 20, 2019

Unigold Announces Closing of Private Placement of 32,350,000 Units for Gross Proceeds of Approximately $3 Million

Unigold Inc. (TSX-V: UGD) is pleased to announce that it has clos... READ MORE

September 19, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions