Well, my parameters have been met and I am neutral now and certainly not buying the base metals story. The trade, regardless of how much higher it may go in the short term, is over for me. You can read Otto's post on the subject of Ambrose Evans-Pritchard unwittingly calling a top in copper with what I found to be a hilarious article after it was emailed to me by a friend just this morning. Leave it to Otto, nothing gets by the dood.
Adding a weekly chart of copper. I have shown the daily with our target around 2.05 previously. Usually unwitting top callers have a grace period before their status as contrary indicator shines through. This chart, dialing out to a bigger picture, shows where that period may end. Bear in mind that all this noise is just part of the Hope '09 festivities.
