Base Metals Fall
Jul 25th, 2008 | By Doug Casey | Category: Financial News, Gold MarketThe base metals had a uniformly terrible day Thursday, as spot prices for copper, nickel, zinc, aluminum, and lead all tumbled. Copper dropped quickly throughout the day’s trading and finished down 6 cents, at $3.6968/lb, despite a mid-morning rally. This represented a six-week low in copper prices.