Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: piscatologist who wrote (548)	7/18/2001 2:33:35 PM
From: Stephen O	Read Replies (2) of 1643

Copper (HGA <Cmdty> CT): U.S. home construction unexpectedly surged in June to the second-fastest pace this year, a government report showed. Builders started work on 1.658 million homes at an annual pace in June, up 3 percent from the 1.610 million-unit pace the previous month, the Commerce Department said. Last month's rate was the fastest since homes were started at a 1.666 million- unit pace in January. Construction is the biggest use for copper, accounting for about 40 percent of demand, according to the Copper Development Association, a New York industry group. Gold (GCA <Cmdty> CT): U.S. consumer prices rose more than expected in June as costs increased for services such as medical care and air travel, government figures showed. Consumer prices rose 0.2 percent after a 0.4 percent gain in May, the Labor Department said. Analysts expected a 0.1 percent rise. Some investors buy gold as a hedge against rising prices.

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