Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Sierra Resource Group Inc (SIRG) Message Board

Copper jumped by the most in three weeks on Friday

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 4018
Posted On: 08/05/2012 7:08:57 PM
Avatar
Posted By: Lmcat

Copper jumped by the most in three weeks on Friday after data showing U.S. employers hired more workers than expected
last month deflated the dollar and boosted prices of the red metal away from the bottom end of well-worn range.


Copper rose alongside a 3 percent rally in crude oil and a late-week surge in equities after the Labor Department said nonfarm payrolls rose 63,000 in July, breaking three straight months of job gains below 100,000 and offering some hope for the ailing economy.
But an increase in the jobless rate to 8.3 percent reminded investors of the still-fragile state of the world's largest economy and kept prospects of further monetary stimulus from the Federal Reserve on the table.
"The noose ... (is) still around the Fed's neck and everybody is very cognizant of the fact that we could fall off the economic cliff any day," said Adam Sarhan, chief executive of Sarhan Capital in New York.
London Metal Exchange (LME) three-month copper rose $115, or 1.6 percent, to end at $7,445 a tonne, its biggest one-day gain since July 13, when prices soared by nearly 2 percent.
In New York, the COMEX September contract rose 7.70 cents, or 2.3 percent, to settle at $3.3675 per lb after dealing between $3.2985 and $3.3740.
Since May, copper prices have been mired in a range between $7,200 and $7,800 in London and $3.25 and $3.60 in New York, pushed and pulled between a waning global growth outlook and a tighter supply base and second-half Chinese
demand prospects.
"Although the numbers are decent, they're not so amazing that the Fed are going to turn around and say the economy is fine. It will take a long and sustained period of improving data for the Fed to say that," said Guy Wolf, a macro strategist at Marex Spectron.



(0)
(0)




Sierra Resource Group Inc (SIRG) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us