Take physic, pomp

Trading Post (no frost edition)

Canadian markets are closed. Hope you guys got to watch the firework display over at Lakeside Park (or so the song goes).
Southern Copper (PCU) up 4.7% at $19.05 on lowish volume and spot copper hanging in there at $2.03/lb, but if we look at the LME copper price curve right now…..

….oh lordy, whatever can it all mean? (Yes Virginia, I’m still bearish copper).

Freeport (FCX) up 6.9% at $48.28 and doing even better than its sister. Again, volumes at 10m traded is nothing to write home about.

Argentina’s Merval index (MERV) up 5% at 1,510 and having another popping day. Ever since Argentina got downgraded to a ‘Frontier Market’ it hasn’t stood still, however with 60% of weighting in Tenaris and Petrobras the Merval is still a ridiculous way to judge Argentina’s economy.

The Chile ETF (ECH) also having a good day, up 4.1% at $43.38. Latin America Is The Continent of the Future!*

Fronteer (FRG) up 3.8% at U$3.02 and the trading port is having its own peppy start to the week, with or without the Toronto action. DYODD, dude.

*and always will be

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