GREY:GIXEF - Post Discussion
Post by
StocksLynx on Oct 27, 2014 3:50pm
Copper prices are surging as one single buyer holds >50% LME
"Copper prices are surging this morning (
in the face of Goldman's recent warnings of a plunge), jumping 4 handles apparently on the heels of a
WSJ story in which LME admits that
a single buyer has snapped up more than half the copper held in London Metal Exchange warehouses, giving it control over a crucial source of supply and raising concerns among traders about the potential for higher prices."
Source: https://www.zerohedge.com/news/2014-10-27/copper-surges-after-report-mysterious-london-buyer-has-cornered-90-market
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