William Adams Prices Quotations

Should the global economy suffer a period of slower demand, which is a distinct possibility given rising interest rates, a slowing housing market and high debt, then the demand profile on the metals could suffer. In turn, these lofty metal prices would then look out of place.

Given the extent of the rise the level of the pull-back seems to be fairly minimal and after consolidating the up trends are likely to push prices higher still.

Without any fresh bullish news, one has to assume that it is the funds and the weight of money that is once again pushing these prices higher.

The ripple effect from Hurricane Katrina may be far reaching, ... already sent fuel prices soaring which are going to hurt the U.S. consumer and therefore the economy.

Although there is little doubt that fundamentals are tight, there seems an awful lot of hype in the market and with prices knocking on $6,000 a ton, the whole complex looks over cooked and in need of a reality check.

This, and ongoing concerns over supply are likely to underpin prices, so unless some external event upsets the funds, the upward trends are likely to keep prices on the rise.

The reversal...puts copper prices right back into the earlier consolidation zone, which undoes much of the rebound from last week.