Great time to buy, page-77

@VYR

Thanks for doing the deep dive, I was wondering myself the same but unfortunately not as diligent as you.

I wondered a little while back why the LME do not post their warehouse levels any more. Why is it not advantageous to the LME to quote free data on LME stock levels????I looked into it and the LME had been selling their warehouse space for a few years, they predicted an undersupply in the worldwide copper concentrate market a few years back. The LME now not quoting warehouse stock levels, to me is indicative of low/negligible stock levels and a very tight market because the LME is owned by a Chinese entity and the Chinese have a vested interest in doing things to keep the "quoted" commodity price low by not alerting the Western punters looking into the market supply and demand metrics.

I highlight "quoted" because apparently concentrate buyers are paying overs to the spot price and smelters are cutting TC's and RC's, all indicators of the market competing for concentrate, a tight market.

Makes me want to keep buying copper at this artificially low price (or shares in miners who have the resource in the ground, even better still, an unrealised resource). I do suppose it is a risk/reward balance.

gltah