Excerpt from: Financial Spread Betting Strategies
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| July 02, 2007 | | Financial spread betting strategy and metals prices | Financial spread betting strategy on metals prices should consider that metals are often considered a safe haven in times of unrest and potential troubled. Last week, an attempted car bombing in London was followed by a flaming SUV attack on the Glasgow airport. This is boosting base metals in London. Placing spread bets on base metals should consider that they are likely to rise as investors to turn them. Bloomberg reports on base metals in London:
Bullion also gained after investors bought it as a haven
following attempted car bombings in London and an attack in
Glasgow last week, said Tom Kendall, a precious-metals strategist
at Mitsubishi Corp. in London.
``We're looking at a decent recovery in most of the base-
metals markets and the euro is holding up so that's supportive,''
Kendall said. ``Those factors are more relevant than what's
happened in Glasgow and London.''
Base metals such as copper, nickel and tin extended gains today
on the London Metal Exchange and the dollar fell against the euro. | | |
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