How low can copper go?
Fri, Nov 14, 2008
Copper Investing News reports copper prices have been low with the slow global economic recovery.
On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative of the near-term weakness in the economically-sensitive metal, and the next downside target could be $1.50. But others said technical buying at $1.60 levels could keep copper from reaching further lows right away.
For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.
Tags: Codelco, COMEX, comex copper prices, Copper, copper futures, economic, economy, freeport mcmoran, futures, global economic crisis, global economic outlook, global slowdown, gold, London Metal Exchange, mines, mining, new york mercantile exchange, newmont, recession, stimulus plan, warehouse stocks
0 Comments For This Post
4 Trackbacks For This Post
November 14th, 2008 at 5:04 pm
[...] Original post by [Technorati] Tag results for stocks [...]
November 14th, 2008 at 5:21 pm
[...] Original post by wealth channels [...]
November 14th, 2008 at 5:22 pm
[...] Original post by wealth channels [...]
November 14th, 2008 at 5:33 pm
[...] Original post by wealth channels [...]
Leave a Reply