15.07.2011 - Base metals report: China optimism supports prices
Despite host of head winds, copper, nickel and tin surged over past month. Base metals rallied sharply over the past month, as traders used lower prices to build positions. The performance was especially impressive considering the myriad head winds the group faced and still faces. A seemingly never-ending stream of negative news flow regarding Europe’s sovereign debt crisis, weak U.S. economic data and a rising U.S. dollar made up the proverbial wall of worry that base metals had to climb..............................................Full Article: Source
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