Is that a "flat-line" I see in the 60 day Nymex Copper Warehouse Stock Levels?
Looks like about 2 days world copper supply to me, which is probably about as low as it goes due to the mechanics of moving the stuff?
mmmmm...
What about the 1 year LME Copper Warehouse Stock Levels...
That looks like a big hill we are currently sliding down?
Maybe the 5 year LME charts might paint a nicer picture?
lol...sadly not!
Puts the following 5 year copper price chart in a better context perhaps?
Technically, Cu looks the goods to me...I could think of worse commodities.
Cheers!
copper facing interesting times...
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