Friday, October 9, 2009

Am I still allowed to be bearish on copper?

Ok, so Olympic Dam looks like taking 50KMT off the market in the near future, but where does it rate as an influence compared to end user demand, or the dollar?

Here's the LME inventory chart (6 month):


Here's the same period price chart
Here's the spooky Reuters report that tells you about the nerves on the demand side

Here's the USD chart (hey look, it held 76)