….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?