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12/5/17

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.