Market Report
Monday Report: June 30, 2008
Copper and tin seem set to push higher and while oil is strong aluminium may follow too. The other metals probably have considerable room on the upside if short-covering emerges and it may be that a run up in copper does spark general short covering.
Friday Report: June 27, 2008
The metals put in a stronger day on Thursday with copper, tin and zinc doing the most, but all put in a good performance...the main driving force for the base metals rally was another bout of dollar weakness and although the run up in the metals started to generate its own momentum we would be wary if the dollar started to find its footing again.
Monday Report: June 23, 2008
The metals put in a strong performance on Friday to finish last week on a firm footing. Copper and aluminium were the star performers with both metals now less than 5% from their highs.
Friday Report: June 20, 2008
Copper pushed higher yesterday buoyed by disruptions, although by the close the strike at Cuajone in Peru was lifted, which pulled copper back off the $8,400 level. However the fact that copper is now not too far away from all time highs at $8,880 at a time when the Western world economy is set to slow, highlights the ongoing tight fundamentals.
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