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Message: Markets

Copper and molybdenum prices are higher today as well.  Although many forecasters I follow have been suggesting lower precious metals prices ahead of a strong move into record highs, there is always an "if."  That "if" includes a sudden shift in the economy into a strongly slowing trend, which may now be developing.

Add in news of a slowdown in travel bookings and a trend toward paying down credit card debt, and one would have to expect that economic change is underway.  That MAY sustain higher metal prices for the next little while. 

 

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