Copper Near Six-Year High in London, May Rise as Dollar Drops

[Say_What]

<clips>

Nov. 14 (Bloomberg) -- Copper, little changed today in London, may stay close to a six-year high as the dollar declines against currencies such as the euro, spurring investors to buy dollar-priced commodities as a hedge against further devaluation.

The dollar is heading for its biggest weekly decline against the euro in six months, after the U.S. trade deficit widened. The $8 trillion economy of the 12 nations that share the euro are today expected to report that growth resumed in the third quarter, according to a Bloomberg News survey of 25 economists.

``Most market commentators believe that a weaker dollar is good for metal prices,'' John Kemp, an analyst at Sempra Metals, said in a note. Still, ``if a weakening dollar starts to impact adversely on economic growth by driving up interest rates and hampering the recovery in Western Europe, Japan and Southeast Asia it could have negative implications for metal demand.''

Copper for delivery in three months was $6 lower at $2,076 a metric ton in electronic trading on the London Metal Exchange at 8:14 a.m. That's close to the $2,103 it reached last week, a six- year high. Copper has gained 33 percent this year, its best performance since 1994.

<http://quote.bloomberg.com/apps/news?pid=10000086&sid=a0vvV6LhP2Co&refer=latin_america>

[underpants]

1. And up goes construction costs

Not good news

[Zeke]

2. $$$$$$$$$$$$$

CONTRIBUTE TO THE DU FUND DRIVE! :)

[Wwagsthedog]

3. Inflation Calculator

http://data.bls.gov/cgi-bin/cpicalc.pl

[JNelson6563]

4. seems to be a metal thing

not just the ones for building.

gold's rockin' too:

http://www.kitco.com/

Julie

[DemoTex]

5. Tell me about it ...

I just had some copper flashing and a new copper cap done on my chimney. E-X-P-E-N-$-I-V-E! The copper replaced rusted-out galvanized metal that was only nine years old. The copper will outlast me.