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Friday, May 26, 2006

No Stopping Copper

No stopping Copper: What started out as a quiet day in Copper futures turned into an impressive rally by the close. Many traders expected some profit-taking today ahead of the long holiday weekend in the US and UK, but a rally in Gold late in the morning, tied to word that gunfire was heard in an office building outside of the US Capitol, spilled over to Copper and prices did not look back. The rally occurred on light volume as many market participants got a jump on the long weekend. Read More...