copper heads for biggest monthly gain....

It certainly looks as though someone is exiting CSD today, with both heads and oppies getting sold. The good news is that someone is also buying them. Not me though, still waiting for Mr Taxman. :(

Anyway, knowing that SPM rely on the copper price, perhaps this news might kick start their operations.

Copper Heads for Biggest Monthly Gain in 11 on Growth Outlook

By Jae Hur - Aug 30, 2013 10:26 AM GMT+0800

Copper was poised for the biggest monthly advance since September as economic reports from Japan to the U.S. signaled the global recovery is strengthening and prospects of an imminent strike against Syria eased.

Metal for delivery in three months on the London Metal Exchange climbed as much as 0.7 percent to $7,200.75 a metric ton and traded at $7,189.50 at 10:59 a.m. in Tokyo. Prices, which advanced for the first time in four days, have risen 4.5 percent this month, gaining for the second straight month.

Japan’s consumer prices rose in July at the fastest pace since 2008, jobless rate fell and industrial production increased. The U.S. economy grew more than forecast last quarter. Concern conflict with Syria will disrupt Middle East oil supplies eased as U.K. Prime Minister David Cameron failed to gain parliamentary backing for military action.

“With the positive economic data from Japan and the U.S., copper appeared more attractive after recent price drops,” said Tetsu Emori, the chief fund manager at Astmax Asset Management Inc. in Tokyo. “Sentiment also improved after the U.K parliament voted against military strikes on Syria.”

Consumer-price growth in Japan accelerated to 0.7 percent from a year earlier in July, up from 0.2 percent in June and matching the median forecast in a Bloomberg survey. The unemployment rate fell to 3.8 percent from 3.9 percent. Factory production expanded 1.6 percent from a year earlier, below the 1.8 percent estimated by economists.

Futures for delivery in December on the Shanghai Futures Exchange fell 0.9 percent to 51,880 yuan ($8,476) a ton. Metal for delivery in December was 0.3 percent higher at $3.2695 a pound on the Comex in New York.

On the LME, aluminum, tin and lead were little changed, while zinc and nickel declined.