base metals

  1. 7,602 Posts.
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    Just looking at www.kitcometals.com and base metals(except for lead) are inching up today on top off yesterdays gains.
    This seems to run counter to all the gloom about global growth and demand for commodities.
    Yes I know inventories are down but I think the market looks forward to other macro factors
    Perhaps its partly an adjustment for the recent move down
    in the USD(base metals priced in USD)
    And the move down in USD is a result of Fed interest rate hikes seen to be topping out
    Comments??
 
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