26 Oct

Physical copper at the LME

This article by Doomberg suggests that the copper futures price does not reflect the shortage of the cash physical copper which the market is a derivative of. I’ve seen a lot of suggestions that the gold futures price is manipulated, to keep the ‘official’ price down, the same being said for silver. I don’t know if this is correct, but the world economy is rebounding strongly, clearly, so it’s surprising that copper has not joined in the party.