“….I probably have not given copper the consideration it deserved with respect to its discrete warehouse levels and supply/demand fundamentals….. ”
The implication here seems to be that by some sort of fundamental research you might have been able to determine the global supply-demand dynamics of copper (or any other commodity) in advance of this latest move in order to make a profit.
I submit that this is a hopeless undertaking. Such information will be carefuly concealed by those making the real money in any of these fake “markets”: the megabanks, Blackrock & Co and their machines. The individual investor is the sucker, every time.
So one is left to comtemplate the massive fluctuations and small squiggles in charts like the above, and decide that one might just as well play the slots in Las Vegas.
Gary February 21, 2023
As you know, I am suspect of the real demand aspects of copper. But are you questioning the warehouse supply data? As a former manufacturing guy (we did not use copper very much, but the concept is the same) I am well are that prices in metals are the product of both sides of the equation, supply and demand. Warehouse supply is, for whatever reason, low.
“….I probably have not given copper the consideration it deserved with respect to its discrete warehouse levels and supply/demand fundamentals….. ”
The implication here seems to be that by some sort of fundamental research you might have been able to determine the global supply-demand dynamics of copper (or any other commodity) in advance of this latest move in order to make a profit.
I submit that this is a hopeless undertaking. Such information will be carefuly concealed by those making the real money in any of these fake “markets”: the megabanks, Blackrock & Co and their machines. The individual investor is the sucker, every time.
So one is left to comtemplate the massive fluctuations and small squiggles in charts like the above, and decide that one might just as well play the slots in Las Vegas.
As you know, I am suspect of the real demand aspects of copper. But are you questioning the warehouse supply data? As a former manufacturing guy (we did not use copper very much, but the concept is the same) I am well are that prices in metals are the product of both sides of the equation, supply and demand. Warehouse supply is, for whatever reason, low.