What can we say? One day The Donald says tariff's the next day it's reconciliation.
The stuff on a Cu shortfall is well documented as per the presso.
Whether Donald proceeds to "screw the pooch" with tariffs and interest rates as 99% of economists except for the one he chooses to reference are telling him, leads to a plethora of less favourable outcomes.
In fact, I'm pretty sure the drawdown fo Cu inventory is because the consensus of view (of speculators + producers) presages something less than the accepted wisdom per the presso.
Disclaimer: That may be why no one's answered yet and I only have after my pre-dinner scotch.
XAM Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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