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China, More Than Trump, Fuels Commodity ETF Surge

Posted on 30 November 2016

It’s no secret that base metals have done well in the month of November. Copper is up 20% month-to-date, its best monthly showing in a decade, according to Bloomberg. Everything from lead to zinc to nickel is up double-digit percentages also.
The PowerShares DB Base Metals Fund (DBB)―which holds futures on copper, aluminum and zinc―now has a gain of more than 33% for the year. These monster moves come despite a surge in the U.S. dollar during November, a factor that normally weighs on commodity prices………………………………………..Full Article: Source


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