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Base metals and the Trump effect

Posted on 18 November 2016

We have been asked a lot in the past day or so about the impact on the base metals of Donald Trump’s surprise victory in the US presidential election. There is interest in the short term Trump-effect in light of the strength in base metal prices.
And there is interest in the longer term effect of ‘Trumponomics’ on the market fundamentals. Before the election, the base metals were already on a tear from LME Week in London last week, where quite a bullish consensus formed, especially for copper. So there was momentum from that, and from technical break-outs on the many of the charts……………………………………..Full Article: Source


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