Tags » INDUSTRIAL METALS

Copper/Crude Spread: Rollover Update

Overdue Update  

The IMC blog entered a short position in the March copper/crude oil spread at +$13,265 (premium copper) on December 1st.  We rolled to the May contracts at the market-on-close last Friday (February 17th) because Monday was the Last Trading Day for the crude contract. 176 more words

Copper/Gold Spread: Stay Long For More Upside

Keep ‘Em Rollin’

Currently, the blog is holding a long position in the March-February copper(x2)/gold spread from the equivalent of -$22,700 (premium gold).  It was entered on September 29th. 376 more words

Spread Trade

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

Spread Trade

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

Spread Trade

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

Spread Trade

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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