Take physic, pomp

Chart of the day is….

…LME copper inventory, five year chart.

Reasons for featuring this:

1) It’s an ex-obsession that we haven’t seen much recently.

2) An excellent article by John Kemp of Reuters explains all about the current dominant position held by one LME copper trader (apparently JP Morgan), what having a dominant position means and what it doesn’t mean. Recommended read on this link.

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