Copper is used in so many things. China used to gobble up half the World’s output. However, it’s now a net seller as its stockpiles have reached mammoth proportions. Copper soared a bit too high a few months ago and has fallen over 20% since May.
This is not good. Whilst prices for everything are going nuts in the West, China has endured 5 quarters of falling prices – also not good.
I’m watching this closely…
Gordie's Travels 