Base Metals Bomb, China no Longer Seen as Savior
Nov 12th, 2008 | By Doug Casey | Category: Financial NewsThe base metals were all deep in the red on Tuesday. Copper had another day of incessant down, with each tiny upblip met with immediate selling, leading to a finish barely off its intraday low at $1.5997/lb., down 10 cents. Nickel followed a similar path, except that it didn’t manage to escape its intraday low, closing right there at $4.6531/lb., down 29 2/3 cents.