Copper seems to be one of the better ways to make this bet. Too much data and too little time to spend here, but many indicators seem to be pointing to a weakening economy (more than expected) (while other indicators look ok). Nevertheless, I'm short copper. Key risks include what Draghi may say tomorrow and decent data from China (and Japan) tomorrow [and a technical rebound].
Short HG @ 3.4155
Update 1: Closed position this morning in anticipation of the daily ramp up. Closed at 3.4035. Re-entered short at 3.4220.
Bitter-post Update 1 7/16/12: Technical bounce it is. New QE my ass. We'll see tomorrow. China data? Ok, believe what you want...guess we'll have to wait for next Monday, where good news will be good news and bad news will be good news because, well, China can do/fix anything.
Update 1: Closed position this morning in anticipation of the daily ramp up. Closed at 3.4035. Re-entered short at 3.4220.
Bitter-post Update 1 7/16/12: Technical bounce it is. New QE my ass. We'll see tomorrow. China data? Ok, believe what you want...guess we'll have to wait for next Monday, where good news will be good news and bad news will be good news because, well, China can do/fix anything.
