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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: Stephen O who wrote (1022)1/31/2002 1:17:34 PM
From: Robert Douglas  Read Replies (2) of 1643
 
``The market's going to need conclusive evidence that demand is picking up before prices can go much higher,'' he said. Inventories of copper in London Metal Exchange-monitored warehouses are continuing to climb, a sign that supply still is outpacing demand. Inventories have more than doubled in the past year to a record 853,600 metric tons.

With all the cutbacks in production, inventories keep rising. That's not a good sign. I'm waiting for copper to retest its lows before I'll get back in.
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