I endorse your assessment kemj
From Highlandlad's post today on the day trading thread re cu and au:
- Copper hits nine-month highs in London and Shanghai as strong US housing data adds to tailwinds following a rebound in Chinese manufacturing last month. The "metal with the degree in economics" gains 3.38% in London trade and 4.2% in Shanghai. Other metals also advance on the London Metal Exchange. Nickel puts on 1.5%, zinc 3%, aluminium 2.5%, lead 3.2% and tin 2.2%.
- Gold continues to rip higher, logging a fourth-straight record. Prices took off after Fed Chair Powell reiterated that recent economic and inflation data have not changed the central bank's expectations for rates policy. Prices have gained 11% this year.
- "Gold surged to yet another historic high on elevated trading volume after Powell stresses that 'bumps' in the road don't change the overall rosy picture" - Tai Wong, independent US metals trader (per Reuters).
I endorse your assessment kemj From Highlandlad's post today on...
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Last
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Change
-0.001(10.0%) |
Mkt cap ! $18.01M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $122 | 13.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3002687 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 392894 | 4 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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0.9¢ |
Change
-0.001 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 2713550 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| SPQ (ASX) Chart |