Shakeout Sends Copper Lower

Shakeout sends Copper lower: It was an event filled day in the COMEX Copper ring, with a report of an 5.6 magnitude earthquake in northern Chile's Copper mining region, option expiration for the July contract, and a report by the International Copper Study Group all contributing to today's volatile trade. Prices initially rallied in London, when word hit about the earthquake in Northern Chile. This area is home to some of the world's largest Copper mines, and concerns about possible damage sent prices higher. Read More....