Copper has really had a big bounce in the last few weeks...
back at 2.19 us/pound this morning,,,,,considering that during the record qtr in December 08 NCM average was about 3.29AUD,,,,today about 2.92aud and improving, plus the improvement in production for copper in jan production numbers....
Gold is lagging behind a little but nicely seated over $900usd.....Im looking around and seeing everything in the commodity space bounce up hard, this has to flow through to rises in CPI and PMI figures reflecting inflation in the next qtr sending gold up much higher imo.......
I cant see the great demand turnaround but the prices paid to ncm are great and improving,,,,how long will it last?
ncms copper
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