Once again, Dr copper illustrating its' predictive might. The LME copper inventory has been falling for steadily over the past 2 months, yet it appeared merely an anomaly in the face of further economic weakness.
Of course it stands to reason that the price of copper would rise based upon demand outstripping supply and now it's becoming apparent as to the why, economic growth is real and the leading indicator once again was Dr copper.
Better than expected US job numbers and confirmation of the EU pulling out of recession signalling the end is nigh for the Dow sugar hit. It was plain to see over the past 2 sessions on Wall st where the Dow was under extreme selling pressure as opposed to the Aussie 200 holding its' ground.
The worst now appears over, the EU GDP grew 0.3% with Germany, France and even Portugal growing by 0.7%, 0.5% and 1.1% respectively according BBC news.
The EU is Chinas' largest trading partner and by extension, countries heavily reliant upon digging up resoures require China firing on all cylinders…….The EU coming out of recession is the best sugar hit the world can get.
Wall st went on to post all time highs recently on Bernanke hot air whereas the All Ords could only mange to get within 25% of the Oct 2007 all time high…….It's now our time to shine but on real demand with the EU turning.
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $100.4M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $234.5K | 13.38M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 14691882 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 4733944 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 14691882 | 0.017 |
37 | 10263949 | 0.016 |
31 | 8348733 | 0.015 |
12 | 5636834 | 0.014 |
11 | 3404309 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 4733944 | 8 |
0.019 | 9047711 | 18 |
0.020 | 12120185 | 19 |
0.021 | 12361192 | 12 |
0.022 | 8021973 | 18 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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