Copper market looking weak: independent financial advice
An interesting article in FT today about copper buying in China mentioned that the spread between 3 month versus 15 copper futures dropped from a 3.5% premium to almost zero which implies plenty of supply. The article quoted a metals analyst that the risk to prices was “firmly to the downside”.
I wrote “World economy to suffer in slump for a long time”. See "China’s hidden loan bubble” about leveraged speculation in copper. The reason copper is important is that it is used by economists to measure economic growth, so if the price is high it implies high growth, however it can be manipulated by speculators, thus producing a misleading forecast of growth.
This is an example of independent financial advice.