spp, page-22

SPP (15470)
For the first time in 3 months, the LME stockpiles For copper actually decreased for one day this past week.. I think that this shows that the continual increase in stock on hand is starting to level out and we will see more of these decreases as we go on this year.. This I am sure has been a contributing factor in the support level for the POC been at $1.40 over recent times and the more recent increase to $1.60.. Also, I agree with JXSCUL that sentiment in the markets has turned a little more positive and will continue to do so as all countries come out of their recession.. This mood was reflected in the BHP share price this week been so strong and finishing the week considerably higher, despite all the write off's and the down beat predictions from Marcus Kloppers.