I called it 2 days ago. I watched the stock levels climb on the LME - and I thought to myself that the price rise to 2.10 was nuts since stock levels kept climbing. Well well well... fundamentals seem to be in place, copper dropping now to 1.78 from 2.10. PNA to take a hit because of this. I do not expect PNA to pickup until copper prices increase which means stock levels have to fall.
