MARKET TALK: Hedge Fund Woes In LME Metals A False Alarm

Talk of another troubled hedge fund in LME base metals is "likely a false alarm," a London broker says, and probably an attempt to push prices lower. LME lead fell the furthest Tuesday on the talk with the other base metals also softer. Liquidity remains minimal and volatility is expected going forward, he adds. LME lead is last at $1,850 a metric ton, -3% overnight but still +3% from Tuesday.