what happened at closing time, page-23

Maybe we are looking for too many reds under the bed. I don't know LOL....

Was it more to do with the copper price falling?

This from Commodityonline.com :
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LONDON: Rising inventory levels in London Metal Exchange (LME) and lesser than expected imports from China has led to crash in prices of major metals on Thursday.

The biggest loser of all was tin which fell more than ten percent at Rs 21,100 per tonne, the lowest since April 15.

Lead fell $76 per tone to close at US $19652 while zince fell by US $140 per tonne and closed at US $1980.

Copper, the bellwether of the base metals sector, dropped below the key $8,000 a tonne level for the first time in two months, down 2.9 per cent on the day. Aluminium prices fell 2.7 per cent to $2,886 a tonne, Financial Times reported.

Copper at US 7890 per tonne was down by US $205 per tonne. Copper stocks on LME rose by 600 tonnes to 126,400 tonnes.

Nickel closed at US 22,200 a fall of US $ 300 per tonne. Aluminium fell $US80 to close at $US2,880 a tonne.

Analysts attributed the fall to a firmer US currency and correction in metal prices necessitated by rising stocks in LME. Fears that record metal prices are damping demand and concerns about the economic slowdown in the US, also led to tumbling of LME prices.