LME Copper Daily Summary 20 Jan 2012. We have the copper stock pile below 350,000kt it sits at 348,750 now. Yes yes yes. this is good.
IMO good investors/traders placed great emphasis on this number because it's the only tangible evidence we/they have of the copper market. 350kt and 300kt will be significant milestones and it has to be also remembered that copper stocks are normally drawn down as we approach the Northern Summer and activity ramps up.
PS Hi Miner have seen by your Disclosure you have sold out of PNA hope soon at some point you jump back on when you see fit. I enjoy the info we trade. Cheers.
PNA Price at posting:
$3.77 Sentiment: LT Buy Disclosure: Held