Don’t Buy Copper On Weakness, Buy On Strength

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Almost every metal buyer tries to buy forward, either increasing inventories or fixing prices with suppliers, when they see or they hear that their particular metal is “cheap.”

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This habit is completely intuitive. It’s the way human beings are wired. We tell our kids at a very young age to buy what’s on sale. However, that discount mentality is a very dangerous mentality to bring into the market.

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