Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Aloha who wrote (24092)	11/1/2006 3:11:31 PM
From: goldcat	of 78419

Copper futures in New York closed at their lowest in four weeks on Wednesday amid aggressive long liquidation tied to concerns of easing supply tightness and slowing economic growth, sources said. "The recent stock builds and concerns about demand during the economic slowdown in the States have taken the bullish momentum out of the market," said one COMEX floor dealer. Copper for December delivery <HGZ6> ended down 10.45 cents, or 3.1 percent, at $3.2410 a lb on the New York Mercantile Exchange's COMEX division, closer to the bottom of its $3.2150-$3.3695 trading band. Spot November <HGX6> slipped 10.55 cents to finish the day at $3.2305, a shade above the day's nadir at $3.23. Deferred or back-month contracts closed with losses ranging from 6.35 to 10.55 cents. COMEX final copper volume was estimated at 20,000 lots, against the 8,073 lots recorded on Tuesday. London Metal Exchange-monitored copper warehouse inventories surged 4,675 tonnes to 135,175 tonnes on Wednesday, up more than 20 percent since mid-October. COMEX stocks rose 38 short tons to 23,244 tons on Tuesday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next