May 10, 2006

MORTIMER (Mr. Chan?) - COVER THAT COPPER SHORT !

There have been rumors for the past year that the Chinese have been short Copper.

The Maoxian chain of posts (one of my favorite stock blogs) graphically shows what can happen to you if you think you are bigger than the markets and one of the main reasons that Trends can persist longer than you think.

As I see market ETF's for GOLD, China, India and Russia go vertical, I can't help but think this same poor China trader is involved in these markets as well.

Seriously, as the Chinese, Indians and Russians enter the global trading markets you have a lot more inexperienced traders entering the fray.

Traders at Goldman don't play favorites. They will sheist and squeeze anyone. Looks like the stupid US daytraders have been replaced by a global crew of government patsies.

It's happy times at Goldman Sachs.

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