Fundamentals Be Damned!

Copper consolidating: Fundamentals be damned! That is what Copper traders are hearing, as prices are well off recent highs and may be entering a consolidation phase. July Copper has fallen over 60 cents in the last four weeks, in spite of bullish fundamentals. The market has ignored the news that Grupo Mexico has declared force majeure on its Copper deliveries, due to strikes at its mines, and expects its Copper output to drop sharply in 2006. Read More....