Low Base Metal Prices Predicted in Recessionary Environment
Oct 1st, 2008 | By Doug Casey | Category: Financial News, Gold MarketThe base metals were mixed on Tuesday. Copper fell below $2.80 in the pre-dawn hours, but then righted itself, managing to claw its way back into positive territory at $2.9036/lb., up better than a penny and a half. Nickel dropped below $7 early, rallied back into the mid-morning, but then sagged again to close at $6.9642/lb., down more than 24 cents.