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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (43844)	1/4/2006 10:34:49 PM
From: siempre	Respond to of 116555

Mish -- no, you did NOT say copper is in a bubble... I just wanted get my two cents worth of opinion out there... you can join the ranks of those looking for a slowdown in copper demand if you like...some have been looking for it for 2+ years...so far these prices are NOT giving the naysayers any satisfaction... a US housing collapse could make a dent in demand, but permits are still increasing, & China is still growing double digits.. Double Digits! .. If & when copper demand slows OR supply materializes we will see it right away as disappearing backwardation...as it is now, users still need copper so badly they can't wait a few months for delivery....that means no stocks on hand... you can predict slowing copper demand if you want, but I don't think so.... we sure don't see it happening yet... btw COMEX copper is near record highs at 2.09+ per lb. ....