Given that competing commodity structures are up, this is probably a dollar correction based on the unusual spending. We cant call it inflation just yet, or I should say the powers that be wont, but with food prices up, grains, metals, oils and precious all up at the same time and all relatively coordinated, this "correction" could be here to stay. I'm sitting on so **** much copper chops even now because I still think it has another 25% or more to go this year before hitting stable cap. Usage has until last year been down significantly so if we are correcting the dollar and usage is up...we could be looking at 6 dollar copper, 500nt steel, 1.00+ aluminum by the time it starts getting cold again. And if you think I'm wrong...might want to roll it back to 2013-14 and look what happened that winter.
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