process. And those prices are falling at a very precipitous rate. See, that's actually great. So just to highlight that, whereas certain types of commodities are traded in futures markets and benefit from an enormous amount of speculative liquidity, something like wool tops don't. Exactly. Exactly. How significant is that looking at those types of indicators and how does all that fit into your model? And then please continue. Like I said, I don't want to interrupt the trend. It's super important. I get that question all the time. They say, well, isn't copper depressed because there's so many speculators? And yes, when we differentiate between these commodities that are traded very actively on futures markets versus commodities that aren't, if we're seeing a discrepancy, that's something to note. But the fact that we're seeing these lesser traded commodities like rosin, rubber, wool tops, they're trending down and copper's trending down, then you have more confidence. Again, this whole (39/57)
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