Doug Casey says: ” The Peruvian situation is provoking a lot of worry, even though it has yet to cause major disruptions, as it appears to be worsening. Miners at Peru’s largest copper-zinc pit, Antamina, owned by BHP Billiton, are on strike, but a company official said its effect on production was minimal. “

The base metals were mixed again on Wednesday. Copper sagged through the pre-dawn hours, but recaptured the lost ground during the New York session, finishing at $3.6395/lb., up a penny and a half.