Dave Meger Fund Quotations

We had some early fund buying this morning. And we had some midday trade buying.

All of these factors are drawing in fund buying.

It was a combination of long liquidation and fund selling. We do see rising copper stocks and that is some of the impetus behind the recent pressure.

As London came back from a holiday, the dollar was down and oil was up. You saw buying return to the physical market, and that's why we entered the day higher. After we saw the dollar down and oil firming, that drew some further fund buying.