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Totally agree with what your saying Ests..Im going to make a...

  1. Sutto2012
    148 Posts.
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    27/01/14
    06:38
    Post #: 12856088
    Totally agree with what your saying Ests..

    Im going to make a prediction; Copper Price will head towards USD$3.80 / pound over the comming months..(currently sitting at USD$3.27 / pound...


    You can see by the graph below how steep drops in stock levels at LME correlates well with a lagged price increase in Cu....Although most warehouse material is not accounted for (i.e. the warehouses in china); the LME is renowned for accuracy in stock levels..



    SBR Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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