Run On Copper Supplies Leads to Technical Default on the LME.

#LME #copper #backwardation #contango #dollar #gold #silver #commodities #futures #spotprice #supply #shortages


Today Rafi Farber and I go over the situation in the copper market and specifically the LME or London Metals Exchange.

We talk about how the backwardation in copper is not an isolated event and how many other commodities have been in backwardation since 2020.

Our conclusion is that permanent backwardation in the precious metals and in particular gold will be the death knell of the fiat dollar system.

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