Friday, 06 July 2007

Copper Falls From 8-Week High on Speculation Rally May Have Been Overdone

(Bloomberg) -- Copper fell from an eight-week high in
New York on speculation that gains may have been exaggerated
during a six-session rally that sent prices up 8.4 percent.

Inventories monitored by the London Metal Exchange fell 2.3
percent today to 105,475 metric tons. The total still is 15
percent higher than a year ago.


Read more at Bloomberg Commodities News

1 comment:

Joseph Stevens said...

There goes my prediction out the window!


Joseph Stevens
High School Spanish Teacher
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