Farallon Resources Ltd. (fka FRLIF)

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Zinc Loses, Copper Drops in London on U.S. Economic Recovery Speculation: LME Preview
By Chanyaporn Chanjaroen - Jun 25, 2010

Copper fell in London, tracking declines in equity markets, as disappointing sales and earnings forecasts by U.S. companies added to signs an economic recovery may slow in the world’s second-largest consumer of the metal.

-- Copper fell 0.9 percent to $6,635 a metric ton on the London
Metal Exchange at 8:06 a.m. Relative Strength Index 49.2.
-- Aluminum dropped 0.1 percent to $1,962.25 a ton. RSI 44.9.
-- Zinc lost 1.3 percent at $1,851 a ton. RSI 49.6.
-- Lead was unchanged at $1,820 a ton. RSI 51.7.
-- Nickel advanced 0.2 percent to $19,434 a ton. RSI 42.1.
-- Tin added 0.3 percent to $18,100. RSI 57.4.

Other markets: Last % Change % YTD
U.S. Dollar Index 85.684 -0.1 10.1
Crude oil $76.29 -0.3 -3.9
Gold $1,243.45 0.0 13.4
MSCI World Index 1,080.33 -0.2 -7.5

Economic Events:
Forecast Prior Time
(London)

U.S. 1Q gross domestic product 3.0% 3.0% 13:30
U.S. 1Q personal consumption 3.5% 3.5% 13:30
U. of Michigan June confidence 75.5 75.5 14:55


http://www.bloomberg.com/news/2010-06-25/copper-drops-in-london-on-u-s-economic-recovery-speculation-lme-preview.html