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“Other than copper getting hit over the head with a near 31,000 metric tonne increase in warehouse stocks last week, prompting a 10 cent pullback in prices, most other metals were higher. Kind of odd given the worries of the world, Eh?
“More metal prices -- notably tin and nickel are looking like little sprout -- just beginning to poke their heads above ground like flowers in the Spring, and the S&P 500 closed at 2,130, matching its high close from May of last year.
“More importantly though, while it was noted a week or two ago, it’s worth reiterating here, that markets have been rising nicely/sharply/or wobbly from their lows earlier this year, and now appear to be traveling on a northeasterly trajectory.”
Interested in more detailed analysis of pricing trends in copper and other metals? Contact John at 631-824-6486 or [email protected].
Photo credit: BHP Billiton