Base Metals Making a Move

Here is the laggard, the industrial metals index making a move off a bottoming pattern.  Are the base metals seeing QE3 or just taking a hopeful bounce?  That's an important question for the BM's along with most everything else.

With yesterday's ISM report, we can surmise that any extended upside is due to the cult of QE and not any real fundamentals currently in the economy.

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