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>20% drop just like that
>Not even a big rally unlike stocks
What exactly is the point of commodities? Meager upside, huge volatility, most commodities have big downsides... list goes on and on.
I am still in the gains territory in Copper and I'm doing great in Gold (only commodity worth a damn, everything else is goddamn crap) but come on.
China has been fugged ever since 2020 so why is the market shitting its pants again? Oh nyo China grew by only 4,9% instead of 5? Using more scrap and inventories are at record levels?Strong dollar and low demand...
Oh right, yeah, copper should be trading in the 3-3,5 range, not 4-4,5. I am such a dickhead for not selling the stupid rally.
Always take the gains from commodities and put them in tech. Fugg everything else
Wasn't it Morgan Stanley that called for a massive rally in Copper? 12000 by EOY or something like that. Jesus christ what a shitshow
