- Rank: 35
- Followers: 22
- Votes: 111
- Years Member: 17
- Last Update: 15 September 2020, 15:03
Categories:General Market Commentary
Gold / Gold Stocks
3/20/08 It's interesting to note that LME copper inventories are falling to record lows as we enter the strongest demand period leading up to the summer months, even as copper prices retreat (source Kitco Base Metals. com) and copper prices remain in backwardization (source Metalprices. com), typically a bullish indicator. Could it be that we're seeing a 'takedown' in commodity prices to allow big money, like Calpers, to buy in at lower prices?
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.