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October 26, 2007


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These are great graphs. I a little concerned about the builds we're seeing in LME copper and zinc. I was reading in the International Tribune this morning that each US house contains 400lbs of copper. If that's true, and you take it along with the estimates for housing starts declining by almost 1M homes in the US alone, you start to see a fairly big dent in copper demand. Particularly when you start extrapolating that to a worldwide housing slowdown. I don't know, maybe I'm just a nervous nelly...

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