Farallon Resources Ltd. (fka FRLIF)

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Zinc declines, Copper Falls in London Before Report on U.S. Economic Growth: LME Preview

By Claudia Carpenter - Jul 29, 2010 11:35 PM PDT Fri Jul 30

Copper dropped, paring the first monthly gain since March, as expectations of a slowdown in U.S. economic growth weakened the outlook for metals demand.

-- Copper fell $6, or 0.1 percent, to $7,224.50 a metric
ton on the London Metal Exchange at 7:32 a.m. Relative Strength
Index 65.05.

-- Aluminum gained 0.1 percent to $2,094.50 a ton. RSI 64.1.
-- Zinc fell 0.8 percent to $1,974 a ton. RSI 59.12.
-- Lead declined 0.7 percent to $2,035 a ton. RSI 66.86.
-- Nickel gained 0.2 percent to $20,725 a ton. RSI 59.48.
-- Tin decreased 0.5percent to $19,500 a ton. RSI 69.36.

Other markets: Last % Change % YTD
U.S. Dollar Index 81.601 -0.1 4.8
Crude oil $78.11 -0.3 -1.6
Gold $1,168.95 0.1 6.6
MSCI World Index 1,128.23 0.0 -3.4

Economic Events:
Forecast Prior Time
(London)

Euro-Zone Unemployment 10% 10% 10:00
U.S. Personal Consumption 2.4% 3.0% 13:30
U.S. GDP 2.6% 2.7% 13:30


http://www.bloomberg.com/news/2010-07-30/copper-falls-in-london-before-report-on-u-s-economic-growth-lme-preview.html