Take physic, pomp

Charts of the day are……….

……… the five year copper charts, price and LME warehouse. This post is by way of reply to a mail yesterday.

Cut the crap, stop looking wistfully over to Shanghai for any sign of an uptick and keep your eyes on inventories.

It’s extremely simple, which is always a good thing. If inventories stay like this, so does copper. Any commentary you hear about a rebound in copper that does not take the above chart into account is just another case of uninformed fool grasping at straws.

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