Copper Slide Continues; HFI Bags 167% Profits

LONDON -- Copper prices dipped below $6,000 a tonne on Wednesday to almost a nine-month low as inventories swelled.

Copper traded at $5,830 per tonne on the London Metal Exchange. Copper was last trading at that price on April 7, 2006. Copper has slid 30 percent since hitting a record high of $8,800 in May, according to Reuters. Just since September, copper has slid more than 25 percent.

At the beginning of copper's slide, Andrew Wilkinson in his Hedge Fund Investing service recommended to subscribers that they go short copper through a futures trade or using a copper put as a less risky alternative.

Andrew was right on the money. He told subscribers to close out their futures trade last week for an 84 percent profit or $7,375 per contract. If subscribers had bought five contracts, they'd be sitting on more than $36,000 right now.

Plus, Andrew's target on his copper put option recommendation hit its target for a 167 percent profit. That's a pre-brokerage gain of $2,720 per contract. Again, if subscribers bought five contracts, they'd have gained $13,600. And that's with options, which means you'd never lose more than you invested plus commissions!

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