Market Nuggets: R.J. O’Brien: LME Copper Slips Below 200-Day Moving Average
Thursday February 21, 2013 10:20 A.M.
Inventories continue to climb with exchange totals now at just below 700,000 tons, says R.J. O’Brien. This includes the LME, 420 tons; Comex, 74; and Shanghai Futures Exchange, 197.
“Warehouse wars are disguising the reality of a market that is in oversupply,” the firm says.
By Allen Sykora of Kitco News; [email protected]
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