Why people don't look at this stock. Ocg did a right thing to...

Why people don't look at this stock.
Ocg did a right thing to acquire a good Gold reserve in the US at the bottom cycle for Gold price amid the finance is is USD.

Even if the USD is going up in December. The transaction could take longer than that.

Gas is very cheap for Gold producers in US to make more profits.

Here’s another key player for Ocg



Copper prices rebound after FOMC minutes

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• 1 HOUR AGO

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Copper futures were much higher in London on Thursday, rebounding from six-year lows after economic data out of the US weighed on the dollar and supported demand for the widely-used commodity.

The London Metal Exchange's three-month copper contract was trading up 1.6 per cent at $US5,072 a metric ton in mid-morning European trade, having hit a two-day high during the session at $US5,075 a ton.

The market interpreted the Federal Open Market Committee meeting minutes for July, released on Wednesday, as suggesting that an interest rate rise in September is less certain.

"The minutes from the July FOMC meeting... [reduced] the market's confidence that the country's first rate hike since 2006 will take place in September," said Dee Perera, a base metals analyst at Marex Spectron.

An interest rate hike would likely strengthen the dollar, which would put pressure on demand for the red metal as it is priced in this currency. Copper would become more expensive for other currency-holders to buy. The metal is used in everything from kitchenware to construction.

The metal recovered after closing below the psychologically important $US5,000 level in the previous session for the first time in six years, at $US4,985 a ton. Ripples from the unexpected devaluation of the yuan by the People's Bank of China last week, and a series of poor Chinese economic data, had spooked investors over what this meant for demand. China consumes up to 45 per cent of global copper supply.

Looking ahead, however, the reprieve might be short-lived.

"With downward pressure on emerging markets and with sentiment bearish over demand, the rallies are unlikely to last," said William Adams, head of research at Fastmarkets.

Among the other base metals, aluminum was up 1.1 per cent at $US1,573.50 a ton, zinc was up 1.8 per cent at $US1,818 a ton, nickel was up 0.2 per cent at $US10,445 a ton, lead was up 1.5 per cent at $US1,717 a ton and tin was up 0.7 per cent at $US15,450 a ton.