Copper, something we speak about often in our SIMM meetings, has a very interesting fundamental story. Firstly, it is believed that one trader owns about 50-80 percent of the copper on the London Metals Exchange. Also interesting for Copper Traders, is that new ETF's which are to be launched soon are likely to create a shortage for the metal, and will likely help drive prices upwards (here)
GDP reports were released today, showing the US economy grew less than expected, but still grew. Stocks were up in trading today after the news. Inflation expectations were lowered, and expectations for the job market remain the same after the un-exciting number. The story (here).
The economist says that in 2011, the biggest thing to worry about are sovereign debt problems. They don't just warn about the ugly eurozone countries, even american bond yields are expected to rise, and not necessarily as a hope for growth. Read it from the economist (here).
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