Copper squeeze intensifying in London — futures pushing toward record highs.
Physical tightness in LME warehouses is real. When backwardation gets this steep, someone's scrambling for metal. Either industrial demand is stronger than the bears expected, or positioning got caught offsides.
Barclays just flagged their top mining stock picks. Smart money's rotating into the picks-and-shovels play before copper itself gets too crowded. If you missed the commodity move, the miners still offer leverage — especially if this squeeze has legs.
Watch warehouse stock levels and Chinese PMI data. If restocking accelerates into Q2, this could run further than most expect. Copper's been a macro tell for decades. When it moves like this, something's shifting beneath the surface.
Physical tightness in LME warehouses is real. When backwardation gets this steep, someone's scrambling for metal. Either industrial demand is stronger than the bears expected, or positioning got caught offsides.
Barclays just flagged their top mining stock picks. Smart money's rotating into the picks-and-shovels play before copper itself gets too crowded. If you missed the commodity move, the miners still offer leverage — especially if this squeeze has legs.
Watch warehouse stock levels and Chinese PMI data. If restocking accelerates into Q2, this could run further than most expect. Copper's been a macro tell for decades. When it moves like this, something's shifting beneath the surface.