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Freeport-McMoRan Inc. Message Board

  • kblab2@sbcglobal.net kblab2 Apr 23, 2013 1:11 PM Flag

    HEDGE FUNDS WASH TRADING TO SUPPORT PRICE

    Copper is in a steep down spiral. Demand is dropping off at the same time production is greatly increasing from several large new mines.

    The Wall Street Hedge funds have already taken big hits and to stop their loses they are vigorously wash trading -- a common Wall Street move by the big hedge funds.

    We [ our 8 person investment group ] the present situation is but a " warm up " for a much bigger price drop. Accordingly we have sold off our position.

 
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