Farallon Resources Ltd. (fka FRLIF)

[the cork]

Zinc gains, Copper Rises to Three-Month High in London, Wiping Out This Year's Slide

By Claudia Carpenter - Aug 2, 2010 12:26 AM PDT Mon Aug 02 07:26:58
Copper futures in London, Shanghai and New York jumped to the highest level in three months as a rally in equities boosted investor confidence that the global economic recovery is gaining momentum.

-- Copper climbed $95.75, or 1.3 percent, to $7,392.25 a metric
ton on the London Metal Exchange at 8:25 a.m. Relative Strength
Index 69.96.

-- Aluminum gained 0.8 percent to $2,192 a ton. RSI 73.32.
-- Zinc rose 0.6 percent to $2,037 a ton. RSI 64.65.
-- Lead added 1.9 percent to $2,116 a ton. RSI 73.09.
-- Nickel gained 2.6 percent to $21,700 a ton. RSI 67.14.
-- Tin jumped 1.5 percent to $19,799 a ton. RSI 72.34.

Other markets: Last % Change % YTD
U.S. Dollar Index 81.432 -0.1 4.6
Crude oil $79.22 0.3 -0.2
Gold $1,183.40 0.2 7.9
MSCI World Index 1,124.83 0.0 -3.7

Economic Events:
Forecast Prior Time
(London)

U.S. ISM Manufacturing 54 56.2 15:00
U.S. Construction Spending -0.5 -0.2% 15:00


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