MEIR ON METALS: Metals push higher, but keep a wary eye on Greece

May 10, 2012 | 08:40 AM |

Analyst Ed Meir looks at what is moving the metal markets on Thursday May 10. Copper and General Commentary: Metals fell again on Wednesday, led by copper, which fell to its lowest level in three weeks. However, just like the decline on Tuesday, prices managed to pick up off their lows, and in copper’s case, reclaim the $8,000 mark. Most other markets also lost ground, although the extent of the selloff was not as pronounced as was seen earlier in the week. The euro fell for an eighth straight day, closing well below $1.30, but Brent bucked the trend, finishing higher. There was not much new in terms of headlines other than the fact that the markets continue to worry about Greece. The....

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