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Vampire Squid calling bear on copper

Here's a part of the mailer GS sent out this morning:

Yesterday saw the largest one day copper delivery since 2004 at 21k mt, this morning another 22kt, all into Asia. Metals that was attracted into China in the early part of the year has not found a home and is now coming back out. This also corroborates with multi-year lows in Chinese Physical premiums.

And here's one of the charts:

Interesting enough to feature here on the blerg.