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....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here