The market seems to be 1/3 to 1/2 of normal volume, so I am not...

The market seems to be 1/3 to 1/2 of normal volume, so I am not reading too much into todays action, or tomorrow for that matter. Most will be waiting on the sidelines to see what transpires in US when lower house votes on the bill on Saturday (our time). They pass it, and we will see all players come back to the game.

Also hedge funds are having huge redemptions at the moment, so they are having to sell out of positions in commodities and this is driving the prices down, rather than any demand/supply issue. The warehouse holdings of LME and NY are dropping from usual amounts, as supply is diminished by mine closures etc. So I reckon next week will be the boost we need. Provided the idiot yank pollies don't play dumb games.

I may well soak some up tomorrow if the selling continues.

cheers

Steve