RE:RE:Gap up tommorowThe copper chart tells a lot. Sluggish demand, ample supply. Predictions of a developing future supply deficit are likely correct, but they have been premature. So copper plays wait longer on the one hand, on the other hand, the longer current prices remain low, the bigger the future gap in supply is likely to be.
Bottom line, disappointing copper markets drive down valuations for OT.
Eventually, the tide will turn. It may be a few years though.
cg