The Wild and Wacky World of Copper Gets a Bit Crazier as Warehouses Load Up

摘要

Metals analyst John Gross always some enlightening analysis of pricing trends in The Copper Journal. Here's what he had to say in the most recent edition published earlier this week: "Last week saw another 15,600 metric tonnes of copper go into Comex and LME (London Metals Exchange) warehouses, bringing the total held to 436,250 metric tonnes, representing the highest level held since Nov. 2013, yet the price continues its sideways move. At the risk of repetition, it seems we are living in a new realm, where the fundamentals of gravity no longer apply.