Commercial activity in the copper market is shown on the blue Commitment of Traders line. Commercial have been stockpiling copper at historically high rates from 2011 to present. We have just passed the 6.7-year average cyclical low, and the Chimps predict significant moves higher as we approach the middle of the current cycle.
Our first ever 2Chimps Webinar, broadcast for free this Wednesday April 22nd will cover specific strategies in the copper and precious metals markets. We also have further reports with specific recommendations in copper stocks this week.