Nevada Copper Corp NEVDQ

Pavlov Response

[marketsense]

US$ strengthens over Feds comments of int rates rising next yr.   That is enough to spook
all the speculators in the commodity futures markets.  Well, once they've liquidatd their long
positions,  they go short........

As for as supply/demand,  nothing has changed.   Once the dust settles and the fundamentals 
start to reassert themselves,  copper will recover.   Raising rates a yr out is still a long way but 
it does reveal how much speculation there is in the commodity space.   Once the panic settles,
we should see stability return based on real fundamentals.   I don't know where copper will
setttle but it will be higher than today.   This is a Pavlovian reponse to the tail wagging the dog.

On another note,  how high can the Fed raise rates before they precipitate a recession?   This
will be another delicate balancing act.   Which is worse,  higher employment levels and higher
economic activity along with inflation or higher int rates followed by another recession?   There
is also the elephant in the room of astonomical debts and deficits that require servicing..

[bogfit]

“US$ strengthens over Feds comments of int rates rising next yr.   That is enough to spook all the speculators in the commodity futures markets.”   With the Chinese talking down the market, and the Fed’s talk of many things of cabbages and kings; opportunists on Wall Street see a chance to hit other people’s stop orders and drive prices way below fair value.  A few may