XJO 0.12% 7,822.3 s&p/asx 200

knock knock its thursday, page-25

  1. 11,117 Posts.
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    PB

    This short article has an explanation why copper is rising - just another view, I suppose, and its to do with the US housing improving (a function of low interest rates and a reduction in the housing "stockpile".)

    http://www.cnbc.com/id/100420283

    The POG rose in advance of the FOMC meeting minutes being released and then spiked $20 on the back of the quarterly GDP number being negative, which is a positive for the continuation of QE, I believe.

    Many of our goldies improved at the end of the day, but if the market tanks badly perhaps they will fall back a fair bit like they have done in the past.

    loki
 
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