Article on boomerhedge about the copper squeeze just dropped :
>Goldbugs Waited Years For A Massive Comex Short Squeeze, And Finally Got It... Just In The Wrong Metalhttps://www.zerohedge.com/commodities/goldbugs-waited-years-massive-comex-short-squeeze-and-they-finally-got-it-just-wrong>The current Comex copper squeeze has triggered a similar dash to send copper to the US: Chinese traders have spent the past 24 hours calling around shipping companies to try to secure transit to the US, according to people familiar with the matter.>Traders and miners in South America have also raced to boost their US shipments. According to (((Bloomberg))), Chilean copper-mining giant Codelco is directing all of its available volumes to the market and also negotiating with customers to postpone some sales so that it can maximize deliveries.After nickel, now copper, next ____ ?
I wonder how it will impact silver, considering most of silver comes as a byproduct of copper extraction. If copper mines ramp up their production to bank on the current premiums, it could trigger an excess of silver hitting the market too.
But that's not something who can be done in a day, nor a year, so wait and see i guess.
