tag:blogger.com,1999:blog-2632357035930457754.post3762276800297196532..comments2024-02-06T09:43:58.911+01:00Comments on Correlation Economics: Contango Report Updatekatchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2632357035930457754.post-27164479623723162892013-02-05T15:01:12.334+01:002013-02-05T15:01:12.334+01:00You might be right that the copper price will spik...You might be right that the copper price will spike, but <a href="http://www.kitcometals.com/charts/copper_historical_large.html" rel="nofollow">Level of LME of copper inventory</a> keeps rising. <br /><br />Perhaps there is no relationship between the amount of copper in store and the price, but the build up of inventory may be an indicator that "the rally we have seen in some of the<br />base metals will run dry" says <a href="http://www.reuters.com/article/2013/02/05/markets-metals-idUSL5N0B55YN20130205" rel="nofollow">Dominic Schnider of UBS</a>.Anonymousnoreply@blogger.com