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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?


To: RagTimeBand who wrote (39)4/23/1998 11:00:00 AM
From: RagTimeBand  Read Replies (1) | Respond to of 2131
 
FOCUS-Copper hits five-month high

biz.yahoo.com

Wednesday April 22, 9:57 pm Eastern Time
LONDON, April 22 (Reuters) - Copper prices were rebuffed above $1,900 on Wednesday afternoon London Metal Exchange (LME) trading, although the market still closed firm after soaring to five-month highs earlier.

The morning saw copper racing up to a peak of $1,910 - the highest since early November 1997 - with stocks falling by 7,125 tonnes or 17,975 tonnes so far this week.

''When things change, they just get carried away. A week ago or so it was all different, now sentiment is much better,'' said one copper trader.

The pull-back in copper also took the shine off the other metals during the latter part of the session, although most still ended in the plus column, traders said.