Copper blows through $5,600/t in LME premarke

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    Copper breached $5,600 per tonne in early trading on the London Metal Exchange on Monday, with all base metals rising as fund activity continues to be the chief influence on prices. The bull markets are relentless, fuelled by fund money, a category I trader said. The fundamentals dont add up but you cant argue with the fund buying. Investment money is coming in and swamping supply and demand. With low interest rates, money that might previously have earned an adequate percentage in banks or building societies is now being invested elsewhere and base metals present an alternative

    http://www.metalbulletin.com/Article/2260790/Copper-blows-through-5600t-in-LME-premarket.html

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