Western Copper and Gold Corp T.WRN

Christmas pop?

[Diamondboy123]

https://www.mining.com/chart-dwindling-copper-zinc-nickel-stocks-could-shield-prices-from-omicron-impact/

[jclarke042]

Tough to tell DB, we saw last month LME simply changed the rules allowing those short to roll over the contract without being forced to deliver (by paying spot prices). They'll pull out all the stops to keep copper under $5.

[Diamondboy123]

Your so right Clark.  

[MetalMinded]

https://www.reuters.com/business/energy/falling-stocks-pose-problems-london-metal-exchange-andy-home-2021-11-12/

[MetalMinded]

The point fo the article...the LME is running out of levers they can pull.  The only solution is either a signifcant decrease in demand or significant increase in supply.  The buffer is almost empty.  

[Northern28]

Supply won't go up significantly any time soon, demand most likely will go up, not down. The only thing left is price. How high can it go?

[MetalMinded]

Exactly.  Absent a global recession (not likely) I see copper going well over $6/lb in the next 24 months due to this imbalance and lack of ability to control it by existing mechanisms.   .   

[IvanRo]

As much as I would.like.to agree, I am not so bullish in copper in the short term next 1-3 (happy to be proved wrong) I expect copper to stabilise and go lower over this period before recovering strongly in 24/25 as the demand outstrips supply by 2027-2030 there will be a clear and substantial deficit in supply vs demand.... Hence why I am hunkering down for the long haul unless there is an

[GardenManman]

don't think too much, metal business is just traditional cyclical bussiness, always violate with economic cycle, so wait for another decade is crazy behavior.