......... the five year copper charts, price and LME warehouse. This post is by way of reply to a mail yesterday.
Cut the crap, stop looking wistfully over to Shanghai for any sign of an uptick and keep your eyes on inventories.
It's extremely simple, which is always a good thing. If inventories stay like this, so does copper. Any commentary you hear about a rebound in copper that does not take the above chart into account is just another case of uninformed fool grasping at straws.
Cut the crap, stop looking wistfully over to Shanghai for any sign of an uptick and keep your eyes on inventories.
It's extremely simple, which is always a good thing. If inventories stay like this, so does copper. Any commentary you hear about a rebound in copper that does not take the above chart into account is just another case of uninformed fool grasping at straws.