MARKET TALK: Pressure On LME Copper As "Mkt Smells Blood"

London Metal Exchange copper is under pressure as eyes remain on the performance of an apparently troubled hedge fund and "the market smells blood," says one broker. "Some of the hedge funds are very jealous of this funds' performance over the last year," he notes. He adds that "unless the storm blows over" a great deal of liquidity the fund has provided in the market will be removed. LME copper trades last at $5365 a metric ton, down 5% from Friday's high.