Copper Rally Takes A Breather

Copper rally takes a breather: We all knew that Copper prices could not go straight up without some type of correction and correct it did on Monday. Copper prices had their largest sell-off in over a year, with prices falling over 8%, at its worst levels on the LME. The selling spilled over to New York with the most active July contract trading as low as 360.00 before buyers were found. In an uncharacteristic move, the Chariman of the London Metal Exchange, Donald Brydon, told the Financial Times on Friday, that a bubble was forming in commodity markets, and investors should be cautious investing in commodity markets as they make new highs. Read More....