PNA panaust limited
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  1. stefanis
    1,091 Posts.
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    30/12/09
    08:32
    Post #: 6090605
    Thanks HT

    I think it is a case of investors paying little heed to supply fundamentals. It is investment demand pushing the poc up as you have stated.

    Judging by the LME inventory rise it appears that the actual consumers of copper either still have considerable stock and or think the current poc is too high a price to pay.

    PNA Price at posting: $2.80 Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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