Aka,
The immediate copper price is probably more relevant than you give it credit for.
The direction of the copper price has been in a stable range since May and if US$3.40 is broken to the upside, then the bottom is probably in.
If the RBA article is accurate at all, then many of the schemes of holding Cu would have unravelled by now. It is possibly this very unravelling that has kept Cu in it's low range.
The clear reality is that stockpiles are declining and at some point it will start to affect the Cu price, perhaps it is starting to now.
Neither you nor Jantimot answered my question about your positions. Do we take it that you don't want to answer?
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