| 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
|