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Miners Short

Posted by StockBuz on May 9, 2014 at 12:21pm in Commodities, Sectors, and Short Setups

Goldman reiterated their bearish stance on Copper for 2014 and the breakdown in the XME would seem to agree with that consensus.  Blame China's slowdown.  Blame housing.  Who knows but it's a trade!  You may wish to look at the individual components of this ETF as well for indivdual signs of weakness.  FCX short has been recommended previously.  The chart explains it all.

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Tags: xme, miner stocks, fcx, copper prices
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