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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (269)	3/2/2001 9:17:04 PM
From: russwinter	Read Replies (1) \| Respond to of 2131

The virtually nonexistent stockpile situation has been ongoing, but this is getting pretty amazing. COT numbers: Commercials are long 14,029 copper contracts, the most in a long time. Specs are short 12,746. Commodities are just sort of disappearing. When you look across the spectrum: gold, copper, oil, base metals, it's all looking like this. Minimal inventories, big speculative shorting, and smart money long bets. Can a resource bull market be far away? LME Warehouse Levels Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 27/01 (change from Feb. 20 in brackets): Metal Stock(tonnes) Change Aluminium 477075 (+11200) Aluminium Alloy 82740 (-780) Copper 330600 (-5700) Lead 139650 (-1450) Nickel 9810 (-66) Tin 13210 (-220) Zinc 237100 (+2175)