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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (29338)3/24/2005 8:16:55 PM
From: russwinter  Read Replies (1) of 110191
 
Note on copper: The LME and Comex combined inventories hit an all time low on 1/26 of 85,734 Mt, then suddenly built up to 97,506 on 2/22. There have since been reports that China cut back it's imports in Feb. However, without much fanfare we are once again setting new inventory lows of 85,668 as today. So despite what I believe is a major economic slowdown getting underway, copper stocks are still in extreme tight supply, and I don't think big price spikes can be ruled out.
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