I endorse your assessment kemj From Highlandlad's post today on...

I endorse your assessment kemj

From Highlandlad's post today on the day trading thread re cu and au:

• Copper hits nine-month highs in London and Shanghai as strong US housing data adds to tailwinds following a rebound in Chinese manufacturing last month. The "metal with the degree in economics" gains 3.38% in London trade and 4.2% in Shanghai. Other metals also advance on the London Metal Exchange. Nickel puts on 1.5%, zinc 3%, aluminium 2.5%, lead 3.2% and tin 2.2%.
• Gold continues to rip higher, logging a fourth-straight record. Prices took off after Fed Chair Powell reiterated that recent economic and inflation data have not changed the central bank's expectations for rates policy. Prices have gained 11% this year.
• "Gold surged to yet another historic high on elevated trading volume after Powell stresses that 'bumps' in the road don't change the overall rosy picture" - Tai Wong, independent US metals trader (per Reuters).