re: copper price/inventory Copper seems to be following the same pattern as it did a couple of months ago. Its like the herd is just caught up in the price and hype and forgets to watch the rising inventories. Huge Inventory increase today.
Last time the price ran hard and high in the face of rising inventories until the inventories reached a combined 80-90k or something like that and then the floor fell out of the price. Looks like we are setting up for much the same thing here.
Charlie
copper price fantastic, page-8
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