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As the money men return to metals, is it a sign the cycle has turned?

Posted on 25 November 2016

The money men are returning to the base metals markets. The speculative surges on China’s mainland commodity exchanges may be grabbing the headlines as the authorities tweak trading and margin rates to try and cool the animal spirits of the retail investment crowd.
However, outside of China, managed money is flooding into the likes of copper, nickel and aluminum. Some of it is “hot” money, computer trading programs reacting to rapidly changing chart pictures and riding the resulting momentum. That has been particularly true of copper, which earlier this month punched upwards out of the $4,320-5,130 range that had defined the London market for a year………………………………….Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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