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Gold/Mining/Energy : Copper - analysis
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To: Stephen O who wrote (1220)6/7/2005 9:50:00 AM
From: tyc:>  Read Replies (1) of 2131
 
>>"after an overnight slip in the U.S. dollar versus other currencies prompted buying from the speculator and
consumer community on the London Metal Exchange".

Doesn't this suggest that copper prices may be denominated in US$ but they are not determiined by US demand ? If the US$ falls, the us$ price of base metals goes UP. This seems important when considering what happens if/when the Chinese currency is allowed to float higher. Perhaps the US$ price of copper will become higher still.
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