Copper Surges, Precious Metals Take the Day Off

Copper – Copper gained 8 ¼ cents on news that China imported 147,650 tonnes in January. The other March Copper futures have rallied as much as thirty cents in the past two weeks, after bottoming out at $2.3850. Several floor traders indicated that there were a lot of stops being taken out and short covering, which helped accelerate the rally. Read More....