Posted on 04/19/2013 8:16:31 AM PDT by blam
Copper Is Getting Slammed
Rob Wile
April 19, 2013
Copper futures are down more than 2.5 percent and are poised to see their largest decline in 16 months, Dow Jones' Francesca Freeman writes.
The sell-off came after a report that Zambia, Africa's largest producer, resumed shipments after a two-week halt because of a railroad accident, she says.
Investing.com
Other commodities were mixed. Gold and oil were trading slightly higher, while natural gas was down.
(Excerpt) Read more at businessinsider.com ...
Presently it's forecasting decline.
</sarcasm>
But I guess the worlds largest copper mine that was shut down in Utah becuase of a major landslide, doesn’t have an effect on production.
Probably does, but the market may be too weak to absorb even that reduced level of production.
Over the long term that may be true. My comment was more on the day to day market reactions to news. Larges copper mine shuts down, not much of a reaction. Transportation getting restored and we see a substantial reaction to the down side. I find it interesting to watch how the day to day players in the market react to news or use it to trade strategically or on a short term basis. Markets over time will behave according to overall growth or contraction.
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