Great article @wenty
"Hansen suggested that the strong start to the year was primarily driven by “technical and speculative traders frontrunning an expected pickup in demand from China in the coming months.”“Once the initial rally is over, the hard work begins to support those gains, with an underlying rise in physical demand needed to sustain the rally, not least considering the prospect of increased supply in 2023 as several projects go live,” he said."
This point would suggest to me the Wall St boys will be gathering positions before they start pumping prices higher. I realize I've been banging on about copper for a while now but it's been really evident what is going to happen. It's just a matter of when they start the push into the $4.50+/Lb territory.
Great article @wenty "Hansen suggested that the strong start to...
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |