Even with an expected .25 increase by the Fed tomorrow metal prices are popping up today
The main thing supporting these high metals prices is the strengthening of the YUAN which is now 7.14 vs the U.S. dollar.
Even these little decreases in the strength of the dollar are helping copper climb 10 cents just in one day.
Other metals like Aluminum and nickel are also up with aluminum sitting above the $1 dollar benchmark and nickel at $9.93!
This is just what we are hearing today but you never know because of what Jerome says at the 2:30 meeting on Wednesday could really shift the markets one way or the other.