The LME stockpiles are all set to go below 100,000 tonnes for the first time since , since , since I was a teenager!!!
Nickel has the sex appeal given its volatility, but dont forget copper for its reliability!
A further 3100 tonnes disolved out of the warehouses last night.This follows news of an impending strike at one of the large Chilean producers-hope the LME drawdown was not conducted by one of the many suspect metal traders on this planet, just to add to the 'squeeze'.
The pre market indicators are moving up nicely and bodes well for your favourite copper stocks tomorrow-assuming you are not all up to pussies bow in nickel stocks!
(One of the more enjoyable aspects of this emerging metals boom is that punters are actually talking about other metals besides gold-about bloody time-though gold still retains the well deserved throne.)
Cheers,TAS
Note the disclosure below.LOL
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