What a day! What a way to start the week, Have Metals ever dropped so much in one day? I had no idea we were going to see such a drop off, this fast.. I thought we were safe for a couple of days. Courtesy of CNN.com Industrial and precious metals fell as bullish sentiment faltered. Copper, which hit a record high last week, dropped as low as $7700/7900 a tonne, down 8.8 percent from Friday's close, before paring losses to $8265. Gold slid as low as $687.60 an ounce, down 3.7 percent from $714.10/715.10 on Friday in New York. The metal reached a 26-year high last week. "These things are in a speculative bubble and today the speculators have decided the risks are a bit bigger than the returns," said Tony Dolphin, director of economics and strategy at Henderson Global Investors. "There's a worry about its impact on inflation but I guess there's also a worry about the impact on profit margins and ultimately the impact on consumer spending as well," he said of the jump in energy prices. You think the Sun will come up Tommrow Bob?
