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

Will copper prices drop further? Just look at oil investments

Posted on 16 August 2013

Metal buyers watch the fundamentals of supply and demand, they try to balance what they read about the market against macroeconomic news to get a sense of where they think the markets are going. Yet while the media reports copper’s price falls as a loss of faith by investors, the reality is they are being influenced by the same supply and demand judgments used by buyers.
But when investors move en masse, the market moves with them – and so it is with copper. According to an article in the FT, investors’ holdings of commodities fell by a record $63 billion in the second quarter, surpassing even the drop seen at the height of the 2008 financial crisis, the paper quotes Barclays as saying………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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