#metales
metales
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Copper is on the verge of its all-time high.
Six straight sessions of gains. The industrial metal closed Tuesday at $14,783 per tonne in London, just $92 below the September record.
Chinese buyers have once again been replenishing inventories ahead of two consecutive holidays. Meanwhile, the warehouses in Shanghai and London keep getting emptied. Inventories in Shanghai are at their lowest level in three years.
That’s a detail that almost nobody mentions.
What does it tell you that the metal is being built up right before the holidays?
$XAU
#Cobre #Metales #Markets
Copper is on the verge of its all-time high.
Six straight sessions of gains. The industrial metal closed Tuesday at $14,783 per tonne in London, just $92 below the September record.
Chinese buyers have once again been replenishing inventories ahead of two consecutive holidays. Meanwhile, the warehouses in Shanghai and London keep getting emptied. Inventories in Shanghai are at their lowest level in three years.
That’s a detail that almost nobody mentions.
What does it tell you that the metal is being built up right before the holidays?
$XAU
#Cobre #Metales #Markets
Six straight sessions of gains. The industrial metal closed Tuesday at $14,783 per tonne in London, just $92 below the September record.
Chinese buyers have once again been replenishing inventories ahead of two consecutive holidays. Meanwhile, the warehouses in Shanghai and London keep getting emptied. Inventories in Shanghai are at their lowest level in three years.
That’s a detail that almost nobody mentions.
What does it tell you that the metal is being built up right before the holidays?
$XAU
#Cobre #Metales #Markets
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