QUOTE(danmooncake @ May 14 2009, 09:31 AM)
It doesn't matter, everyone is hyped up on current situation, they simply don't care.
Too much excess in inventory, too little drawn down, traders must short commodity like oil and copper for now.
Commodity may rally in future but future is 6-12 months away.

Expectations lead to higher price actions because it is the truth. Hyperinflation is only a block away and since everything is TRADED in USD, excess of inventory doesn't matter if the US cannot control the depreciation of its currency.
Added on May 15, 2009, 12:37 amQUOTE(danmooncake @ May 14 2009, 09:35 AM)
yes...farm/food products like coffee/tea and livestock too. :-)
Just too much.. too cheap now.. economy not recovering yet..in reality no demand.
China just buying cooper for stockpiling only.. to hedge against future price rise but
buying will stop, cannot sustain because Europe/US/Japan not buying.
How to rally?

That's why we are watching China, Japan, EU and US PMI and so far has been improving.
Intel has already said business is picking up and stabilizing. Doesnt chip need copper?
Added on May 15, 2009, 12:38 amBy the way, i don't have no positions in any commoditiy contracts. I am just expressing what i see so far.
This post has been edited by AdamG1981: May 15 2009, 12:38 AM