Friday, March 5, 2010

Chart of the day is....

...copper inventories (but this time it's interesting, promise). Here are the latest numbers out of LME...
...that show a big drop Thursday, right on schedule and to plan*. We've been proponents of Twin Peaks for the long chart for a while...

....and it's starting to play out. For sure you can't judge this on one day's data but you can see the rollover starting to manifest. Redstone over at Desjardins is beginning to look smarter than the field.

*what could possibly go wrong?