Great to see the value of the minerals relevant to BMB holding onto their QE3 induced gains over the last few days. Now all we need is for the wealth effect to work it's way through to the real economies of the world, particularly China and Europe..... fingers crossed! It's great to have USD weakness induced price strength in the metals markets, but in the end, the world needs a pickup in real demand. Hopefully the "pump priming" works. If it does work, it'll obviously take time.
Obviously a bit of volatility in the markets at the recent top (and intraday), but all in all, the gains are being held.
Looks like US equities also holding up which is a bit surprising, as one would expect a bit of a pull back after being up 22.49% in the last 52 weeks.
European equities are also doing the same, with the DAX (Germany) holding onto a 32.65% increase in the last 52 weeks.
As they say, .... "don't fight the Fed" (or the ECB or Bank of Japan for that matter).
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bounce back...6 monthly charts for base metals, page-44
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