Copper Collapses Most Since Dec 2011 On China Credit Fears
Copper Collapses Most Since Dec 2011 On China Credit Fears | Zero Hedge
"The deleveraging is now spreading to copper prices (remember the massive cash-for-copper schemes of last year) as borrowers are forced to sell to meet cash calls which in turn drops copper prices, reducing collateral values and tightening credit conditions even more. This is the biggest copper price drop since Dec 2011..."
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Not sure, but I would not be surprised if the drop was also part of a coordinated attempt to smash gold and silver. Wouldn't be the first time we see this around non-farm payroll data days. Hardly did much to gold, and platinum and palladium hardly moved at all on Friday.
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