CDU 0.00% 23.5¢ cudeco limited

lme copper inventories falling sharply, page-2

  1. 24,386 Posts.
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    Conix,

    Another totally irrelevant and baseless ramp if you ask me.

    How many times one has to be told that those prices aren't worth the paper they are written on before it starts sinking in.

    Those prices are only for the people that wants to trade the futures, and not for the companies that are in an exploration mode.
    Besides, you should also know full well that those kitco prices are totally irrelevant when someone has some copper available to sell. The deal is done there and then and one has to also consider if there are some offtake agreements in place before counting their chickens.

    Does the Chicago commodities futures market ring the bells ?

    Cheers.
 
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