Farallon Resources Ltd. (fka FRLIF)

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Zinc gains, Copper Rises in London as Dollar Drops on Rate Speculation: LME Preview
By Chanyaporn Chanjaroen - Jun 24, 2010

Copper climbed in London, leading gains in industrial metals, as the dollar fell on speculation that the Federal Reserve will keep interest rates near zero in order to support a recovery in the world’s largest economy.

-- Copper rose 2.1 percent to $6,654 a metric ton on the London
Metal Exchange at 7:50 a.m. Relative Strength Index 49.9.
-- Aluminum added 0.4 percent to $1,948.50 a ton. RSI 44.7.
-- Zinc gained 1.2 percent at $1,851 a ton. RSI 49.8.
-- Lead rose 0.8 percent at $1,830 a ton. RSI 52.9.
-- Nickel advanced 1.3 percent to $19,528 a ton. RSI 42.8.
-- Tin climbed 1.3 percent to $18,050. RSI 57.1.

Other markets: Last % Change % YTD
U.S. Dollar Index 85.629 -0.1 10.0
Crude oil $76.42 0.1 -3.7
Gold $1,236.30 -0.1 12.7
MSCI World Index 1,098.66 0.3 -6.0

Economic Events:
Forecast Prior Time
(London)

EC April industrial new orders 1.6% 5.1% 10:00
U.S. May durable goods orders -1.4% 2.8% 13:30
U.S. initial jobless claims 463K 472K 13:30


http://www.bloomberg.com/news/2010-06-24/copper-rises-in-london-as-dollar-drops-on-rate-speculation-lme-preview.html