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It’s amazing how many years we have a strong market in April and give it all back in May. Seasonally, April has averaged 2.5% returns over the last 30 years while May is the worst performing month.
Well worth watching the doco “The Rise and Fall of Boris Johnson” on Aunty. As evidenced by Trump, you can never rule out these lunatics making a comeback given the lack of alternative options.
With refining and treatment charges approaching zero the copper price broke through US$4.20 per pound for the first time in 15 months with the underlying supply/demand fundamentals finally reaching a squeeze which may support a new high for the industrial metal.