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Politics : Ask Michael Burke

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To: bill meehan who wrote (63623)6/30/1999 8:55:00 PM
From: John Pitera  Read Replies (1) of 132070
 
Bill, Copper was up over 5 cents to 76.65 and has rallied from 64 cents since June 14th and has rallied over 23% in just over a month,
With BHP reducing capacity by exiting the US Market and then PD cutting copper output today, we are seeing a serious move in the other gold metal.-g-

Crude looks to be heading to 20.00 , Utilities are being sold; as it must be believed that the bond vigilantes will be in to sell bonds , push rates up higher and impose some restraint on the increasing potential for a nasty inflation spike.

The Euro looks like it can trade higher, as does the Yen, the US Dollar is going to be vulnerable to some downside which will further exacerbate, the brewing inflationary potential that is out there.
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