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Copper SUDDENLY Drops Almost 40%
footlong
Member Posts: 8,009
http://www.kitcometals.com/charts/copper_historical_large.html#30days
Look at the graph. What could have caused such a sudden drop[?]
to UNDER $2 a pound...l cannot believe it... This means Ammo,Brass,Bullets will be cheaper too...
[^]
l noticed it when l was over on the ''cast boolit'' forum.
Look at the graph. What could have caused such a sudden drop[?]
to UNDER $2 a pound...l cannot believe it... This means Ammo,Brass,Bullets will be cheaper too...
[^]
l noticed it when l was over on the ''cast boolit'' forum.
Comments
A good time to buy metals![:)]
The prices are set by more and more foreign countries use. About 6 years ago, China went into a growth spurt {and still is}, they bought every piece of copper out there.
I was getting $3.50 a lb for scrape 500mcm copper wire.[:0]
Sam06---Look at this chart.. Few days ago it was $2.88..Now its $1.94..
WHY did it drop so Quickly[?][?]
Hmmmmmm.......Somebody is spreading misinformation. I see copper at $2.84 at yesterday;s close. Some of us watch these things. Copper has been in a slow decline from a high of over $4 in 2010 when I started paying attention.
+1000
Copper #1 scrape is $2.90 a lb. So I can buy copper ingots at $1.95 and sell it as junk for $1.00 per lb profit???
==
JALREZ VALLEY, Afghanistan - In this Taliban stronghold in the mountains south of Kabul, the U.S. Army is providing the security that will enable China to exploit one of the world's largest unexploited deposits of copper, earn tens of billions of dollars and feed its voracious appetite for raw materials.
U.S. troops set up bases last month along a dirt track that a Chinese firm is paving as part of a $3 billion project to gain access to the Aynak copper reserves. Some troops made camp outside a compound built for the Chinese road crews, who are about to return from winter break. U.S. forces also have expanded their presence in neighboring Logar province, where the Aynak deposit is....
Silver and gold are down now as well...
A good time to buy metals![:)]
The overall trend is down for sure. Not sure the bottom has been hit yet, but yeah. Good time to be buying or looking at buying.
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
I'll bet if the Taliban do some public beheadings of some Chinese that it might be a good thing. The Chinese don't worry about little things like the Geneva Convention. In very little time there may not be any Taliban!![:D]
Between high cost of public schools and law enforcement in NJ property tax is brutal.
Where did you get that bar at?
go over to "the bay" and search for "copper bar"
LesWVa, I just had a fun thought!! If the Chinese are in Afganistan to mine copper, just exactly how are they going to handle the Taliban?? Several scenarios came to me of which had me chuckling!!
I'll bet if the Taliban do some public beheadings of some Chinese that it might be a good thing. The Chinese don't worry about little things like the Geneva Convention. In very little time there may not be any Taliban!![:D]
OUR MILITARY has been providing the security for the Chinese. I have yet to see or even hear of a single Chinese even getting shot at.
Caterpillar built a new factory in China so they could sell equipment to the Chinese.. And while all of this was going down. No mining company in the US was even allowed to bid on mining the copper and other minerals such as Lithium.
The "war on terrorism" is just a government scam and has been for years on the American people to justify us being there.
http://www.providentmetals.com/elemental-cu-one-pound-copper-bar.html
Any way, I just bought them because I wanted some Krugerrands but they were too expensive. I like to have the copper, they are heavy, a semi precious metal.
Well, recently there was a landmark ruling on a giant copper mine somewhere in the SW (Texas/Arizona maybe?) with reserves which are said to be able to fill some large % of US demand for the foreseeable future.
Rio Tinto's Resolution Copper Mine project in eastern Arizona.
The man running the scales at the scrap yard has always said, "the price of scrap always follows the price of gasoline at the pumps."
Gas goes up, scrap metal goes up. Gas drops drastically like it has in the past month, scrap metal goes down.
Been doing this for 20 yrs and believe it is fairly accurate.
Now is the time to stockpile your scrap out in the barn, and wait for gas to come back up, you know it will.