At an auction in Australia on Friday, the price moved up US$1.75 to $43.50 per pound.

Don't be too surpised, though, if the price moves downward soon, at least for one or more reports before resuming it's climb.

Since early May, no auction has resulted in a lesser price per pound than came from the previous auction. That's 6.5 months of auctions having nothing but increased prices.

There should have been an auction here in the US yesterday. The results of that one will be out late this evening or early tomorrow.

VP