Take physic, pomp

Chart of the day is………

….LME inventories of copper…just for a change, eh?

Here’s the five year chart for context.

It comes with this quote from Reuters this morning:

“We’re bound to recover at some point but for the next six to 12 months anything can happen. Demand isn’t great and there is excess material out there,” said an LME-based trader.

Translation: “WTFDIK? But hey, buy anyway..what could possibly go wrong, suckaz?

Leave a Reply

Your email address will not be published. Required fields are marked *

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.