Friday Report: September 5, 2008
London, 05 September 2008—The markets had a turbulent day yesterday with the Dow under pressure, the dollar extending its gains, while the metals started well, gained momentum before reversing; so all in all a muddled day, with the dollar once again keeping the metals in check and concerns about the economic slowdown weighing on most asset classes. Compliments of BaseMetals.com.
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| Friday Report: August 29, 2008
London, 29 August 2008—Apart from lead, the base metals struggled yesterday which points to further consolidation in the near term, especially with the Labor Day holiday in the US on Monday. Aluminium looks particularly vulnerable with prices back on the lows and although copper is holding mid-ground it doesn't look particularly robust, especially with the spread easing and with LME stocks on the rise. Compliments of BaseMetals.com.
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| Monday Report: August 11, 2008
Base metals are again on the defensive in the absence of any fresh positive demand news and the influence of a firmer dollar. The Russian-Georgian conflict said to be supporting gold and crude oil this Monday. Comex copper is expected to open slightly lower this a.m.
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| Friday Report: August 8, 2008
London, August 2008—The metals put in another choppy day's trading yesterday with prices giving back earlier gains as the dollar climbed to 5 month highs and as oil drifted. Generally there is little fresh news to drive the markets so they are being jostled by outside factors, mainly the dollar and oil. (Compliments of BaseMetals.com)
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