By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]
Articles Tagged "bailout plan"
London Metal Exchange lead for delivery in three months dropped over 5%. The fall was in keeping with the fall in other base metal prices based on the rejection of US Congress’s proposed bail out plan. London Metal Exchange lead for delivery in three months fell more than 5 percent to a session low of [...]
Current Market Climate: Today, Congress met to discuss further revisions to the proposed 700 billion dollars bailout plan, designed for the buyout of bad debts by the U.S. Treasury. Senator Chris Dodd, (D-Conn.) has been instrumental in putting together the bailout plan and explaining its merits to Congress. According to proponents of the [...]