RE:RE:Double Barrel TasekoTodays massive copper sell off is a slight head scratcher. We have saw that before. Something capped copper at 2.90. Something triggered the sell off today.
Last time I saw this, it was a huge scrap sale. Scrap inventory has been growing steadily and there was speculation that 2.90 would be a price that would bring scrap back into the equation. There is a lot of scrap sitting.
So my guess is 2.70 shuts drlivery and 2.90 encentvizes. So my guess is copper average, 2.80 for 2nd half.
I wonder if that 35 thousand 1.03 cad bid is dc:))
nf