COPPER 0.00% $2.71 copper futures

re: chris what do u think of zinc or lead or nicke mr seal just...

  1. 288 Posts.
    re: chris what do u think of zinc or lead or nicke mr seal just read your post to chris thought i would pass on somethink i saw on cnbc today some metal snapper being interviewed said his sources advised him the funny little china boys have destocked copper to the tune of 400 thousand tonnes from their little stash to attemp to push copper down before pouncing hard were his words
    he also went on about how much copper the china boys need to complete just one section of a city to house 2million people 180kg of copper in a small house 90kg in units then big weight when it comes to shopping
    centers to power lifts ect ect
    thats 300 odd thousand tonnies per development of that size,he says they are builing for 100million over next decade not 2million people,
    his finnal comment was the current copper price was all
    chinese smoke and mirrors,when they come back to restock the 150 odd thosand tonnies on the lme will be a small snack
 
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