GREY:NEVDQ - Post by User
Post by
LocoToroon May 16, 2010 2:35am
508 Views
Post# 17103268
copportunity here
copportunity here
Copper's up-trend was briefly interrupted in late-January with concerns about a higher dollar, but quickly rebounded and made another new high in early-April. On April 27th, prices broke lower with concerns about Greece. At this point, it is hard to tell if this is a change in trend or another correction in the up-trend? (updated 5-14).
Key Events - Copper
2010
5-13 - Copper inventories in London were down 1,255 tons this morning to 485,150 tons, the lowest since late-December.
4-14 - A survey of mining analysts by the Chilean government expects copper to average $3.35 a pound in 2010 and $3.29 in 2011.
4-1 - Better-than-expected manufacturing reports from the U.S., U.K., and Euro area.
3-19 - The Reserve Bank of India increased its key interest rate from 4.75% to 5.00%, the first increase since July of 2008.
2-27 - 8.8 earthquake in Chile.
2-24 - China's copper imports total 196,926 tons in January, up 9% from a year ago.
1-21 - China's copper imports total 244,013 tons in December, up 25% on the month.