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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (12711)	4/28/2004 1:25:37 AM
From: Nikole Wollerstein	of 110194

Nickel on Six-month low: In London, London Metal Exchange (LME) prices stagnated on Tuesday after copper failed in a half-hearted attempt to claw higher and liquidation pushed nickel to six-month lows, traders said. Volumes remained very subdued as many players stayed on the sidelines after the volatility of the past seven days. Yet most metals - with the exception of nickel - moved away from the lows. The market is focused on economic data released later this week in the United States to provide direction. Figures include April consumer confidence, University of Michigan consumer sentiment and first quarter GDP data. Three months nickel slid to its lowest since late October 2003 at $11,400 a tonne. It ended London ring trading at $11,455, down $255 on Monday evening's kerb close. Copper finally crawled fell back into positive territory after an earlier failed attempt above $2,720. Three months was up $14 at $2,731. Copper shed nearly 10 per cent in just two sessions last week to touch $2,680 - its lowest since mid-February.

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