Macduffy I have a question that you might be able to answer.........for me its a head scratcher
The chart showing Comex Copper Warehouse level went from 53969 to 4094 in one day (8th Oct)...do you know what happened. Has someone bought up nearly the whole supply?
Macduffy I have a question that you might be able to answer.........for me its a head scratcher
The chart showing Comex Copper Warehouse level went from 53969 to 4094 in one day (8th Oct)...do you know what happened. Has someone bought up nearly the whole supply?
Yes, I noticed that too, Hoop.
I don't know the answer although it does look as if the supply is contracting. To put it into perspective though, on the same day the LME stocks went from 347,150 tons to 346,860 tons.
When I made this thread I never thought copper would reach this high this fast.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Here's an interesting article on the performance of selected copper stocks over 2009.
A couple of points. I think they have their "high" and "low" columns transposed?
The figures for BHP and RIO looked a bit high to me - then I realised they are shown in GBP!
Here's an interesting article on the performance of selected copper stocks over 2009.
A couple of points. I think they have their "high" and "low" columns transposed?
The figures for BHP and RIO looked a bit high to me - then I realised they are shown in GBP!
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Originally Posted by macduffy
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