Big USA copper stocks, FCX, TECK etc down another 5% overnight.
Falls for the week approaching 12%.
Huge amounts of money being lost in commodities, margin calls.
With Taiwan, in the political gun sights it is hard to foresee China running down it's strategic reserves in base metals, to any large degree.
Political moves in Chile and Peru both huge copper producing countries, very much in the mix.
Still this violent move against the inflation trade, has really slaughtered leveraged positions.
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