start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter


No doubt about the main metals story today

Copper's dump under U$3/lb:

The wires are trying to blame a small rise in LME stocks, but that's BS because it's on the back of a big dumpage. It's more like the over-egging of the bull case, copper is higher but can't hold the top prices forever. Also, a few shorty moves shoving the metal under the 3-line makes for good headlines and China isn't stupid,they prefer to pay less for copper than more.