Copper hit 14,800 today and the suits are sweating through their… — Global Link Network 🌐 — TG.ME

Copper hit 14,800 today and the suits are sweating through their italian wool like they didn't see this coming a mile out. Backwardation is staring us in the face, meaning the spot market is absolutely cannibalizing itself just to keep the lights on, and my toast is burnt again. It is not just some inflation print giving us a cheap dopamine hit, it is a structural gutting of the supply chain where the geology simply does not exist to feed the green dream. If you are holding long, you are holding bags of imaginary electrons while the physical metal vanishes into industrial furnace hungry for electrification projects that will never finish. But they will keep printing the spread until the warehouse floors are literal dust and the manufacturing sector gets completely wrecked by input costs that make the 2020s look like a picnic in the park. Watch the LME spreads. They are bleeding out. @globallinknetwork