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Physical base metals lead surge following QE3, says ETF Securities


ETF Securities has revealed which of its products have seen the biggest price rises on the back of the Federal Reserve’s announcement of QE3.

Industrial metal ETCs have seen the bulk of substantial rises, with nickel, lead and tin products gaining between 3% and 10% during the two-week period 13 to 27 September.
Scott Thompson, Co-Head of EMEA Sales at ETF Securities, says: “Co-ordinated or not, it seems likely that the world’s major central banks are planning further large liquidity injections in the months to come. A fortnight ago the Fed announced QE3, and last week Japan announced an increase in its asset-buying programme. The ECB is edging closer to potentially ‘unlimited’ buying of European sovereign debt and the Bank of England has also clearly signalled its readiness to step up easing efforts.

“In the short space of the time since this has become apparent, investors have responded accordingly, triggering substantial gains across certain commodities, particularly industrial base metals such as nickel, lead and tin. Investors also have the flexibility to select the most appropriate metals solution, whether physical or futures-backed.”

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