…..copper, 60 day price chart and 60 day LME warehouse chart.
For the record, I continue to believe that although copper (and other BMs) will recover over a 12 month time period, the metal will have to retrace first. My pencilled-in target is $1.45/lb to the downside. But whether my personal call is right or wrong, we should all be watching that LME warehouse inventory closely. DYODD dude.