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July 25, 2013

Copper Bottom

Your host has very little to add to observations on the usual suspects covered in this journal except to note that he is unimpressed by the positive reversal posted by equities today. If the SPX manages a break to new highs, we will be forced to revisit our framework surrounding stocks. Until then, I remain patiently short. So tonight, let's just perform a quick update on the cyclical setup for copper ...

 

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