Farallon Resources Ltd. (fka FRLIF)

[the cork]

Zinc up slightly, Copper Declines in London After Gains Are Seen as Overdone: LME Preview
By Anna Stablum - Jun 22, 2010

Copper declined in London after jumping by the most in a month yesterday, as gains prompted by speculation about a stronger yuan were seen as overdone.

-- Copper slid 0.6 percent to $6,565 a ton on the London Metal
Exchange at 8:14 a.m. Relative Strength Index 47.
-- Aluminum eased 1.1 percent to $1,940 a ton. RSI 42.
-- Zinc rose 0.2 percent at $1,778 a ton. RSI 43.
-- Lead dropped 1.3 percent at $1,810 a ton. RSI 52.
-- Nickel fell 1.8 percent to $19,500 a ton. RSI 42.
-- Tin was 0.8 percent higher at $18,050 a ton. RSI 58.

Other markets: Last % Change % YTD
U.S. Dollar Index 85.951 0.0 10.4
Crude oil $77.32 -0.6 -2.6
Gold $1,236.9 0.3 12.8
MSCI World Index 1,115.33 -0.5 -4.6

Economic Events:
Forecast Prior Time
(London)

GE IFO-Business Climate 101.2 101.5 09:00
ECB Euro-Zone Current Account SA 1.7B 09:00
U.K. Budget Report 12:30
U.S. Existing Home Sales 6.12M 5.77M 15:00
U.S. Existing Home Sales MoM 6.0% 7.6% 15:00
U.S. Richmond Fed Manufact. Index 20 26 15:00
Euro-Zone Consumer Confidence -19 -18 15:00


http://www.bloomberg.com/news/2010-06-22/copper-declines-in-london-after-gains-are-seen-as-overdone-lme-preview.html