WIDMER ON METALS.

The article looks at the metals market as of February 2008. The London Metal Exchange Index (LMEX) fell by 0.7 percent to 3,834 due to weakening support after Chinese buyers returned from the New Year holidays. The World Gold Council (WGC) has published gold supply and demand figures for the fourth quarter of 2007 and it show a sharp drop of identifiable consumption during the period. According to the author, several bullish fundamentals contributed to increased investor buying like the reduced policy rates of the Federal Reserve.