Submitted by Tyler Durden on 12/27/2011 - 13:50 Commitment of Traders Consumer Confidence Copper Crude headlines Iran
While it might be a little premature, we thought an early reflection on the day's moves in commodities worthwhile. As COMEX copper closes -1.7%, its biggest one-day drop since 12/14, Gold and Silver are suffering similarly weak performances - even as the USD weakens. Oil, on the other hand, has staged its largest 5-day rally since 10/27. It seems the reasoning behind all of these moves is beyond mere mortal investors as newsflow is irksomely flip-floppish.
We have seen bigger moves and more volume obviously but on a day with little real newsflow and macro data that is mixed at best, these moves are notable.
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