RE: RE: SST hedgingMagnum, your friend knows no more about where copper will end up than anyone else. And its quite popular to bash things that are down, even oil when its fallen already from $145 to $50. Also, commodities don't necessarily fall when the dollar rises, that just has been the case lately.
But the point of my past post was that even if copper does fall to $1.00, SST's partners will still be producing.
The selling going on today, in my view, is forced liquidation, not fears about copper. Copper inventories are closer to historical lows, and the price is more oversold (by many multiples) than at any time in the past decade. See below.
https://stockcharts.com/h-sc/ui?s=$copper&p=W&id=p16441707150
But I do agree on one thing; gold (and silver) are the place to be!