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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Metals this morning are weaker. GCZ6 -4.6 (-0.34%), SIU6 -0.092 (-0.49%), HGU6 -0.010 (-0.45%) at a 2-month low. Tuesday's closes: GCZ6 +2.7 (+0.20%), SIU6 +0.063 (+0.33%), HGU6 -0.0250 (-1.17%). Metals on Tuesday settled mixed with Sep copper at a 1-3/4 month low. Precious metals prices were undercut by reduced safe-haven demand with the rally in stocks and by increased inflation expectations with the +1.5% rally in crude oil prices. Copper was undercut by the jump in LME copper inventories by +10,700 MT to a 6-3/4 month high of 240,075 MT.