Copper/Crude Spread: Switching Bets From Red to Black

The Correlation

Copper and crude oil prices are strongly correlated.  You can look at the last three decades of price history and see that this is the case.  643 more words

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Copper/Gold Spread: Roll to 2017 Contracts

Mean Reversion Underway

Last spring we said that the plunge in the copper(x2)/gold spread was setting up for the buying opportunity of a lifetime.  We reiterated this statement again in the summer. 331 more words

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Copper(x2)/Gold Spread: Long-Awaited Birth of the Bull?

The Real McCoy?

Just before Memorial Day, the IMC blog bought a December copper(x2)/gold spread.  The position was liquidated with a loss a few weeks later when the spread hit new lows for the move. 628 more words

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Copper(x2)/Gold Spread: New Multi-Year Lows. What's the Plan?

Nice Try

The blog entered a long position in the December copper(x2)/gold spread -$18,000 on May 26th.  The position was then liquidated on June 10th at -$25,915 for a loss of -$7,915. 551 more words

Spread Trade

Copper(x2)/Gold Spread: Trading the Christmas Contracts

Time Marches On

The IMC blog has been waiting patiently for months for the copper(x2)/gold spread to trigger a buy signal.  Currently, we are using a two-day close above the declining 100-day Moving Average to give us the green light to bet that the red metal will outperform the yellow metal.  564 more words

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First Quarter Results of Mining Commodities

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

Energy & Mining

Copper(x2)/Gold Spread: Still a Screaming Bargain!

Still Underwater

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

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