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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Short commodities spike staggers belief

Posted on 04 January 2013

That’s what it looks like after the one-day boom-let on the London Metal Exchange on the fiscal cliff avoidance. Up all the base metals went — aluminium by 4.2 per cent, copper by 3.3 per cent and tin by 4.5 per cent. And, last night, they all came down again, not quite losing all the previous night’s gains.
But give them time. Zinc was the biggest loser overnight, shedding 2.4 per cent to close at $US2088 a tonne. However, copper was still looking surprisingly strong at $US8164/tonne and tin positively muscular at $US23,980/tonne………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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