These mystery hoard stories have been around for over a year, and all I can say is they must be locked up tight, because nothing much seems to show up on the market. The purveyors of this hoarding garbage never seem to have any particulars either, it's just all so "mysterious". Is it a big holder, a group, and bunch of small guys? And even if there were some extra non-warehouse inventories around of that size, why would someone with that kind of long corner on the market, wait patiently until there was 58,678 MT left on LME and Comex, and then suddenly panic and dump now, right before "an event". Makes no sense.
As far as China goes, they better cool that economy off to 0% GDP and quick, to reset the supply-demand equilibrium on items like copper and nickel, and probably a lot more. |
