Why Copper ETN Is Up More than 70% Year-To-Date [View article]
You do realize you stated the following in the same article...
"Record-high demand, primarily as the world’s top copper consumer goes on a commodities shopping spree, has led to a surge in both the price of copper and the related ETN. "
Then...
"The overall demand for copper on a global level is not yet high enough to increase production."
I bit counter intuitive... no. Or just bullshit.
Demand this present, yet they do not increase production. But they can justify little demand so they do not increase production. Yet the price of the commodity rises rapidly.
One would think its a classic act of manipulation from the few large miners we got making their gentleman's agreement... if one were a cynical person
Why Copper ETN Is Up More than 70% Year-To-Date [View article]
"Record-high demand, primarily as the world’s top copper consumer goes on a commodities shopping spree, has led to a surge in both the price of copper and the related ETN. "
Then...
"The overall demand for copper on a global level is not yet high enough to increase production."
I bit counter intuitive... no. Or just bullshit.
Demand this present, yet they do not increase production. But they can justify little demand so they do not increase production. Yet the price of the commodity rises rapidly.
One would think its a classic act of manipulation from the few large miners we got making their gentleman's agreement... if one were a cynical person