Kontent News

My take on the commodity supercycle zeitgeist...and the rise of the precious metals, uranium and alternate energy. Get ready for peak everything, the repricing of the planet and "black swans" all over the place..

Friday, May 19, 2006

Copper Heads for 1st Weekly Drop

Bloomberg.com: Latin America: "May 19 (Bloomberg) -- Copper in London headed for its first weekly decline in ten weeks on speculation U.S. interest rates may rise, making dollar-denominated metals more expensive for holders of euros and other currencies.
Copper for delivery in three months on the London Metal Exchange rose $5, or 0.1 percent, to $8,095 a metric ton as of 8:08 a.m. local time. A close at the level would mean a 4.3 percent weekly decline.
Copper has risen 84 percent this year, and traded at a record $8,800 a ton on May 11.May 19 (Bloomberg) -- Copper in London headed for its first weekly decline in ten weeks on speculation U.S. interest rates may rise, making dollar-denominated metals more expensive for holders of euros and other currencies.
Copper for delivery in three months on the London Metal Exchange rose $5, or 0.1 percent, to $8,095 a metric ton as of 8:08 a.m. local time. A close at the level would mean a 4.3 percent weekly decline.
Copper has risen 84 percent this year, and traded at a record $8,800 a ton on May 11."

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