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Gold/Mining/Energy : Copper - analysis

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To: B.K.Myers who wrote (2069)	3/5/2012 1:47:29 PM
From: Bocor	1 Recommendation Read Replies (1) of 2131

Copper traders most bullish in two months articles.economictimes.indiatimes.com Bloomberg Feb 25, 2012, 05.21AM IST LONDON: Copper traders are the most bullish in two months on speculation that demand will strengthen from the US to China at a time when stockpiles monitored by the world's biggest metals exchange are at a 2 1/2 year low. Fourteen of 29 analysts surveyed by Bloomberg expect the metal to gain next week and 10 were neutral, the highest proportion since December 23. Inventories tracked by the London Metal Exchange are set for a fifth consecutive monthly drop and money managers have their biggest bet on rising prices since early August, Commodity Futures Trading Commission data show. Global equities and commodities climbed to at least six- month highs this week after euroarea finance ministers approved 130 billion euros ($173 billion) in aid for Greece to avert an economic collapse.

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