zerohedge.com / By Tyler Durden /
Pardon
this brief tangent from the hypnotic, sclerotic, quixotic, Cypriotic
situation which will get no resolution today, or tomorrow, and may at best be
resolved on Sunday night following yet another coordinated global
bailout, (although our money is on a last, last minute resolution some
time on Monday when Cyprus is closed but the European markets are widely
open), but as it highlights a key follow up to our article from two
days ago, “Dr. Copper’s Deja Vu”
it is worth being aware of a rather particular problem in Asia right
now. A rather well-known problem for those who have tracked the
warehousing woes of assorted industrial medals in China as an indication
of the true state of the Chinese economy: as of right now, the stocks of copper in Asia (as determined by deliverableLME CLS and Shanghai copper) are at an all time high and up 90% from the previous three year average.
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