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MARKET TALK: LME 3-Mo Lead Poised To Make New Highs

Wednesday, Apr 04, 2007
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Despite a 325-ton stock addition to LME lead warehouses Wednesday, one broker notes quite a big cancelation of on-warrant stock in Singapore. "Technically, lead is looking quite good," he says. Notes fresh fund inflow on probable second quarter allocation, amid "quite reasonable" volume buys. LME three-month lead trades close to its all-time high at $1980/ton.

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