Posted: 5/5/2008 1:05:35 PM EDT
|
. from Anchorage Daily News: 9:56AM 5 May 2008 "Copper for July delivery shot up to a record $4.2605 a pound on the New York Mercantile Exchange, before later pulling back to $3.931, up 11.05 cents. Light trading due to a holiday closure of the London Metals Exchange on Monday likely contributed to copper's surge, Virga said. Copper has gained 23 percent this year, driven up by a weak dollar and heightened inflation concerns that have enhanced the allure of precious metals." ======================= This signals no way but up for ammunition prices. |