RE:RE:ComexIndeed Nf - I'm looking at Ktico spot prices....all metals up except copper just a marginal gain. Strange...
LME stocks indeed going down fast...7.8 Kt was even 3.5% of the total available on Friday
Like this we will sure end up below 200Kt at the end of december...even 180Kt still possible.
That's only have of the total at the top in August. Just in 4months....
Thereafter Copper price will surely react on the upside.
Have the feeling they're keeping the price down because they haven't loaded enough share or metal.
Copper hitting 2.85 usd/lb will give again an enormous boost to the shareprice of copper stocks. As it should be because Crude Oil is already at USD 53.30 (coming from USD 35-40)
Production costs for copper will rise fast.
Pb and Zn are also doing very well.