"yes, that LME growth is a worry. it is in a steep climb and it looks determined"
Guys just some thoughts.
I think all in all, many factors go into determining stock prices, I'm a huge believer in sentiment and confidence plays the biggest roll (even the very best companies took a beating in the market melt down) and sure not the only one, If people here care to look (pull up some charts) when PNA and even OXR were at there peak price, end of 2007 beginning of 2008. IN fact LME copper warehouse stock levels were trending up and in fact at there peak for that time period, yet pna and oxr were at there hight price wise, and right now stock piles although they are higher, they not that much higher then then. So just maybe we are giving stock piles to much credit in determining where pna price may be going in the future. One more thing, yes I rather see stock piles lower than higher :-)
Regards
Mx
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