Commodity traders positioning themselves for rallies in gold, copper and oil as China gets ready for the next round of solid buying
Bob Grasso
Oct. 2, 2006

China needs oil, copper and gold. These commodities may have bottomed according to some analysts and commodity traders. They are buy these futures with some hedges.

Commodity traders are positioning themselves for rallies in gold, copper and oil as China gets ready for the next round of solid buying.

Gold can easily test $725 and then build a base around there. Oil most likely will go and make new high around $85. Copper had trouble from selling hedge funds. But now with China starting to buy again, the metals can start making new highs.

Traders are somewhat cautious this time though. They are hedging their positions with derivatives.

Commodity traders positioning themselves for rallies in gold, copper and oil as China gets ready for the next round of solid buying
Bob Grasso
China needs oil, copper and gold. These commodities may have bottomed according to some analysts and commodity traders. They are buy these futures with some hedges.
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