Stocks are generally low by historic standards and the threat of supply disruptions hangs over the market. |
The combination of a sharp rebound in US equities, a slightly weaker dollar and strong Chinese data seems to have been enough to underpin the metals. |
The jury is therefore still out as to whether this was just another mini correction or whether more selling will follow. The wider markets are showing some strength, equities are heading higher, mining stocks are showing some strength. |
The metals are looking nervous, the sell-offs are providing the dip-buyers with good opportunities but for a change the follow-on buying seems to be reluctant to join in. |
The reversal...puts copper prices right back into the earlier consolidation zone, which undoes much of the rebound from last week. |
The ripple effect from Hurricane Katrina may be far reaching, ... already sent fuel prices soaring which are going to hurt the U.S. consumer and therefore the economy. |
The threat of supply disruptions has reminded investors just how tight the copper market is, even though stocks may have risen in recent months. |
There's a lot of capital flowing into 'information-age' companies. These are 25 companies that are leading the charge in building the bandwidth for the world economy. |
This is no doubt a bullish factor. Copper, lead and zinc are the three metals that are suffering supply disruption from strike action. |
This, and ongoing concerns over supply are likely to underpin prices, so unless some external event upsets the funds, the upward trends are likely to keep prices on the rise. |
With China now back in the market after the New Year, there was some catching up in early trading on Monday. |
With the physical trade still quiet because of the summer slowdown, the markets seem to be at the whim of the funds, so more exogenous issues such as the equities, oil, bonds and the dollar, or any other event that impacts the funds, needs to be watched closely, |
With the physical trade still quiet because of the summer slowdown, the markets seem to be at the whim of the funds, so more exogenous issues such as the equities, oil, bonds and the dollar, or any other event that impacts the funds, needs to be watched closely. |
Without any fresh bullish news, one has to assume that it is the funds and the weight of money that is once again pushing these prices higher. |