Wow, copper trashed last night. This is ridiculous - I suspect the Chinese have made a decision across the board to not buy up until after Chinese New Year next year. Stock levels on the LME now pushing 260,000 tonnes. Price closed at 1.68 per pound. Not looking good for Monday. However, at some point the buying will have to return and when the game is up, expect copper to bounce big time. I want to be fully loaded with PNA when that takes place. Until then, great to accumulate under 20c. I suspect the rumors before are based on someone wanting to do the same - but hoping to catch a few of you out on this forum.
PNA Price at posting:
21.8¢ Sentiment: Hold Disclosure: Held
