Copper up 7% and back over $2. Nickel, zinc and lead all up at least 7%, too. Hopefully when I get round to writing a trading post later today there will be plenty of double-figure greens to choose from. Yesterday I wondered if the recent sub $1.80/lb prices for copper had marked the bottom. Well, it's looking more and more likely, is it not?Meanwhile, precious metals are not being left behind in this, with gold up 2.2% at $760 and silver nearly 6% up. Love is all around. Looks like the stopped clocks that get published at kitco can bask in some glory for once........
As for me...hmm...might just pick up a few bargains myself today. Nothing wrong in joining in on a bit of euphoria (as long as the timing isn't too wayward). However, it's worth remembering that gold has a tradition of getting sold hard into and out of a Fed rates decision. Keep that one as a caveat on any ST trading plans.