This is no doubt a bullish factor. Copper, lead and zinc are the three metals that are suffering supply disruption from strike action.
More Quotes from William Adams:
Without any fresh bullish news, one has to assume that it is the funds and the weight of money that is once again pushing these prices higher.William Adams
With China now back in the market after the New Year, there was some catching up in early trading on Monday.
William Adams
Should the global economy suffer a period of slower demand, which is a distinct possibility given rising interest rates, a slowing housing market and high debt, then the demand profile on the metals could suffer. In turn, these lofty metal prices would then look out of place.
William Adams
With the physical trade still quiet because of the summer slowdown, the markets seem to be at the whim of the funds, so more exogenous issues such as the equities, oil, bonds and the dollar, or any other event that impacts the funds, needs to be watched closely,
William Adams
Faith is a continuation of reason.
William Adams
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