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Friday, December 17, 2010

Copper Watch


Copper Weakens - 30 Day Warehouse Inventory Levels 

Copper has been a very reliable harbinger in the recent recovery so I'm keeping my eye on it like a hawk. Inventories were lessened at a remarkable pace recently at the London Metal Exchange (LME) but the downward trend may be reversing with a small increase in inventory over the past several days:



But yesterday Copper had quite a pop. If we surge higher tomorrow, I will be very interested in seeing copper confirm.



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