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ETFs to play the declining dollar’s impact on base metals

Posted on 15 October 2010

From Seekingalpha.com: At a point in time when the driving gold prices have hogged the limelight, there has been much more movement in the precious metal segment with copper prices to their highest levels in more than two years on Wednesday, buoyed by dollar weakness and expectations of stimulus measures in the United States.
Not only did LME copper hit a new 27-month peak but what’s driving the focus is the fact that copper has been up 14% in the past 6 weeks alone after it fell 25% from its 2009 rally on fears of a double-dip recession……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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