During the first quarter of 2016 many metals and minerals have clung to year-to-date gains. Industrial metals have all advanced led by zinc which has jumped by more than 20% in three months while volatile iron ore is the best performer with a 33.5% gain this year. 123 more words
Tags » INDUSTRIAL METALS
We have been stalking the spread between copper and gold for a signal to get long.
With the exception of a two-day excursion on the last two days of 2015, the value of… 467 more words
Coming Up For Air
Yesterday the March-February copper(x2)/gold spread close above the ‘even money’ mark for the first time since the first half of November. This triggered an entry signal for the blog, so a hypothetical long position was entered at +$25 (premium copper). 140 more words
The Metal Meltdown
On September 9th the blog entered a long position in the December copper(x2)/gold spread at +$11,625 (premium copper). The position was liquidated on November 20th at -$4,880 (premium gold), resulting in a loss of approximately -$16,505 per spread. 443 more words