Posted on 06/25/2025 7:08:22 AM PDT by delta7
One of the copper market's biggest-ever squeezes is unfolding on the London Metal Exchange, as rapidly declining inventories push up spot prices.
Spot copper traded at a $280-a-ton premium to three-month futures today, hitting the highest level seen since a record spike in 2021. The huge spot premium -- known as a backwardation -- signals a supply shortage, and it comes after a rapid drawdown in LME inventories over the past few months.
Stockpiles in the LME’s warehouses serve as a buffer for manufacturers during periods of strong demand, while holders of short positions can also use them to close out their contracts. Backwardations typically indicate the volume of stock in exchange warehouses is insufficient to meet their needs.
Readily available inventories on the LME have declined about 80% this year, and now equate to less than a day of global usage. The depletion has been fueled by a global race to move copper to the U.S. ahead of potential import levies, in a dynamic that’s left buyers elsewhere increasingly short of metal. ...
Thinkers can see what is happening….it is called “ currency debasement “.
https://www.coinflation.com/
Paging Francisco D’Antonia...
Pre-82 copper Penny’s now worth 3 cents…..same story with Silver. A pre-64 silver dime now worth 2.60 USD, a silver quarter now worth $6.50 USD.
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Saved all of them and now rich beyond wildest dreams ...
“The cure for high prices is high prices.”
https://www.adamsmith.org/blog/the-cure-for-high-prices-is-high-prices
SOMEONE will recognize a market opportunity ...
How hard is it to mine copper ore, smelt the copper from it, and refine it into market grade?
All questions to be addressed. D sooner D better.
Sample of common coin values:
1916-1945 Mercury Dime______________$2.5998
1946-1964 Roosevelt Dime_____________$2.5998
1916-1930 Standing Liberty Quarter______$6.4996
1932-1964 Washington Quarter__________$6.4996
1916-1947 Walking Liberty Half Dollar___$12.9993
1962 Franklin Half 1948-1963__________$12.9993
1964 Kennedy Half Dollar_____________$12.9993
Saved all of them and now rich beyond wildest dreams ...
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Amen brother, but we haven’t seen anything yet. With the Comex and LBMA being drained dry of Silver ( physical deliveries), the day of “ Reckoning “ is close.
Sample of common coin values:
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…and that is for circulated coinage. UNC and graded much higher.
Never invest in the copper market. It is controlled and manipulated beyond belief, and has been for a very long time. Classed as a “critical war material” since at least WWII, the government as a whole and the Pentagon in particular see it as a strategic materiel.
re: “How hard is it to mine copper ore,”
Heh. Depends on the country ... “No joke” - Joe Biden ... permitting and environmental considerations and all.
Never invest in the copper market
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Agreed. That said, have you noticed Platinum? Up over 30 percent since April.
The big money is no longer happy with rapidly declining paper currencies, USD entering a generational Bear market ( ALL paper currencies are rapidly losing purchasing power).
It is safe to assume the generational Gold Bull is blossoming into a full blown metals generational bull market….cycles…..very good for some, very bad for the rest.
Remember the 70’s, 80’s? I do. Fortunes were made.
As kids we would collect the scrap wires from local electricians, whittle off the insulation and covering and then sell the copper scrap. Was not a bad income source for us. Suspect that people will start cutting off the wires of junked appliances and do that again.
50 percent Au, 40 percent Ag, 10 percent Pt …….any unneeded paper, SILJ or equivalent ( up 38 percent YTD)….
….the US general public is still enamored with paper and electrons, I prefer “ equal weights and measures”.
You were doing great!
I was lucky if I found a couple of soda bottles to turn in.
* Pt up 46 percent YTD. Remember, if you can’t hold it, you don’t own it.
“….the US general public is still enamored with paper and electrons, I prefer “ equal weights and measures””
(Gold: $1500, BitCoin; $5)
——————November 26, 2018-———
COMMENT: Mr. Armstrong; I just wanted to write to say thank you. You saved my marriage. My wife insisted I listen to you because you were right and got me out of gold. You also got me out of Bitcoin and I cannot thank you enough.
https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-the-end-of-cryptocurrencies/
“Remember, if you can’t hold it, you don’t own it.”
Armstrong admitted that he didn’t give the coins to an Australian business partner but instead hid them and others “in a secret compartment in the basement of his mother’s home, explaining, in his words, that they had been ‘taken off the books,’” in anticipation of his firm’s initial public offering, Cohen wrote in a brief.
“Further, Armstrong admitted under oath that the 58 coins, whose whereabouts are now known, were among at least $8 million to $9 million in rare coins that he did not reveal he had during the contempt proceedings for the same reason.”
https://www.latimes.com/business/la-fi-coins-martin-armstrong-20190613-story.html
Cut the subsidies for wind turbines and solar panels and the stockpile of coper will explode.
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