Nick Moore Quotations

Copper consumption fell 1.5 per cent globally last year. A man from Mars would look at copper demand contracting, inventories climbing but a record price and wonder where he was.

Commodities are significantly dislocated from underlying fundamentals, but what does inspire people about zinc is that it's the only commodity where we can say with hand on heart that supply will be constrained.

The broad-based nature of this indicates that maybe what we are actually seeing is index selling, which affects all commodities. It is not just copper having a bad day, it is a number of commodity markets.

Coach always tells me to stay in front of my guy and work hard on defense, and that's what I've tried to do. It's great to play here and I love it here because of the atmosphere. The energy you feel when you walk into this gym is awesome, and you have to come ready to play because everyone is here to watch us.

The price has risen in defiance of the broader inventory picture as investors seek out the next hot commodity.

This was a short-term technical move, but might give a taste of what could happen in copper when the funds try to exit the market.