bullish
The Commodity Report #74
SUMMARY
- Inventories of copper in warehouses run by exchanges such as the LME do not provide a complete picture of copper stocks in the supply chain since many industrial users will hold their own reserves of the metal.
- But visible stocks can have a significant influence on sentiment in the market.
- It’s just striking how negative the financial markets are about this industry, yet the physical market is so tight.
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- Copper Long Needs USD to Break Lower07 Nov 2022
- The Commodity Report #7425 Oct 2022
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