RE:RE:RE:Copper seen leaping more than 40%!Hey Krud...Why don't you read the news and find out why copper really pulled back this week!!! It sure makes a difference when there is a holiday in China!!
Rock I agree with your views! I believe NCU will pay off in the end and there will be a rally in copper in the near future!! I don't know why Krud posts on this board 1) he does not own shares and 2) is not a beliver...take a hike Krud!!!!
The sell-off in the US copper price halted on Wednesday, October 5 although markets are still vulnerable while Chinese investors on an extended holiday.
Copper for December settlement on the Comex division of the New York Mercantile Exchange gained 0.85 cents or 0.4 percent to $2.1755 per pound. Trade has ranged from $2.1585 to $2.1815 so far today.
Base metals suffered a broad-based sell-off yesterday after the dollar hit a multi-month high but the slide has since paused – the greenback has softened and markets are awaiting the return of Chinese investors from the Golden Week holiday.
“It seems that buyers are hanging back and await lower prices in an attempt to bargain hunt but there is little real commitment to the markets this week with the absence of China,” Kingdom Futures director Malcolm Freeman said.