Canadian markets are closed. Hope you guys got to watch the firework display over at Lakeside Park (or so the song goes).Southern Copper (PCU) up 4.7% at $19.05 on lowish volume and spot copper hanging in there at $2.03/lb, but if we look at the LME copper price curve right now.....
....oh lordy, whatever can it all mean? (Yes Virginia, I'm still bearish copper).Freeport (FCX) up 6.9% at $48.28 and doing even better than its sister. Again, volumes at 10m traded is nothing to write home about.
Argentina's Merval index (MERV) up 5% at 1,510 and having another popping day. Ever since Argentina got downgraded to a 'Frontier Market' it hasn't stood still, however with 60% of weighting in Tenaris and Petrobras the Merval is still a ridiculous way to judge Argentina's economy.
The Chile ETF (ECH) also having a good day, up 4.1% at $43.38. Latin America Is The Continent of the Future!*
Fronteer (FRG) up 3.8% at U$3.02 and the trading port is having its own peppy start to the week, with or without the Toronto action. DYODD, dude.
*and always will be
Argentina's Merval index (MERV) up 5% at 1,510 and having another popping day. Ever since Argentina got downgraded to a 'Frontier Market' it hasn't stood still, however with 60% of weighting in Tenaris and Petrobras the Merval is still a ridiculous way to judge Argentina's economy.
The Chile ETF (ECH) also having a good day, up 4.1% at $43.38. Latin America Is The Continent of the Future!*
Fronteer (FRG) up 3.8% at U$3.02 and the trading port is having its own peppy start to the week, with or without the Toronto action. DYODD, dude.
*and always will be