RE:Thoughts on CopperEStreet wrote: Looked like we broke out overnight 4.39 only to pull back once again,,. LME inventory flat lining at a 6 month high,,. Still a good POC price however Copper stocks are taking it on the chin,,.
Any thoughts?
Thoughts? Plenty of those. First, the overall market is getting crushed today. Second, China dumped 200kt of copper onto the market. Third, waiting for the permit weighs on the share price more and more every day. Fourth, we haven't heard boo from management about the permit delay. Fifth, funds take time of weakness such as this to shake out weak hands.