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Base Metals Up

Doug Casey (December 23rd, 2008) Writes:

It was a good day for the base metals Monday as copper, aluminum, lead, and zinc all gained, leaving nickel as the sole loser. Copper rose sharply to begin trading, reaching past $1.36/lb., but lost ground throughout the day. The metal ultimately finished at up less than ½ cent at $1.3115/lb.

Nickel, also started sharply up in early trading, but it relinquished its gains, finishing down 4 ½ cents at $4.4339/lb. Zinc rose steadily starting in the pre-dawn hours, finishing close to near its intraday high at $0.5177/lb., gaining 1½ cents on the day. Lead also posted gains Monday, rising steadily throughout trading to finish up 1½ cents, at $0.3948/lb. Aluminum fell slightly to begin the day but quickly recovered to finish just off its intraday high at $0.6839/lb., up over 1¾ cents.

Copper’s gains were a reaction to the Bank of China’s decision to lower interest rates in an effort to

...

Base Metals Flat

Doug Casey (November 19th, 2008) Writes:

The base metals did little more than tread water on Tuesday. Copper sank from the pre-dawn hours to mid-morning, but then rallied strongly to the noon hour, but faded again from there, finishing at $1.611/lb., up a tenth of a cent. Nickel crested at $4.70, also around the noon hour, then gave back most of the day’s gains, closing at $4.607/lb., up less than a half-cent.

Zinc pushed higher from the pre-dawn hours through the morning, only easing a bit late, to end at $0.5358/lb., up 2 cents. Aluminum too had a morning rally, but wound up little changed, adding less than a half-penny, to $0.8354/lb., while lead was little changed at $0.577/lb., up less than a quarter-cent.

Copper came in nearly unchanged after a down/up/down session in which the industrial metals barely showed any signs of life.

“Worries about the international economic outlook have continued to dominate base metals trading,” wrote

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Base Metals Listless

Doug Casey (September 26th, 2008) Writes:

The base metals were little changed on Thursday. Copper was off in the pre-dawn hours, but then rose through the New York day, overcoming each selloff to finish at $3.1511/lb., up more than 2 cents. Nickel traded sideways for most of the day, closing at $7.5773/lb., up 2¼ cents.


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