Copper

[hardworkingstiff]

Copper is over $2 again. Historically, copper moving up is an indication of economic expansion.

PMA everyone (Positive Metal Attitude)

[SEO]

I hope that is the case.

[al hildenbrand]

Aauummmmmmm . . . .

[shockin]

Copper is over $2 again. Historically, copper moving up is an indication of economic expansion.

The trend for the last 7 years has been that copper goes down in the fall and up in the spring. I believe it has more to do with seasonal demand as it does as an indicator for our economic state.

[hardworkingstiff]

The trend for the last 7 years has been that copper goes down in the fall and up in the spring. I believe it has more to do with seasonal demand as it does as an indicator for our economic state.

Don't burst my bubble, I want to believe! :D

[al hildenbrand]

Aauummmmmmm . . . .

:grin:

[peter d]

I think the economy is way too complicated and diverse to rest on the idea that an increase in the cost of copper means a better economic future.

[masterinbama]

Of course copper was bound to go up. I sold about 700 pounds 3 weeks ago. Happens every time.

[hardworkingstiff]

I think the economy is way too complicated and diverse to rest on the idea that an increase in the cost of copper means a better economic future.

I think you have it backwards. The increase in economic activity is what's driving up the price (or....... we indeed are running into resource depletion and our lives will never be this good again).

[growler]

Copper is over $2 again. Historically, copper moving up is an indication of economic expansion.


That's true, usually an increase in copper prices would be good news.

The recent rise in copper prices happened because the Chinese purchased large amounts of copper as a long term investment. They still expect the price of copper to fall in the second quarter and that's not good news.

There are two things selling real well right now that do not bode well as a future prediction of our ecomony. Guns and Ammunition are selling at an all time high. People are scared.

[peter d]

I think you have it backwards. The increase in economic activity is what's driving up the price (or....... we indeed are running into resource depletion and our lives will never be this good again).

Again, there are way too many factors. As Growler said an uptick in demand is due to Chinese buying...perhaps they want something with real value (metals - gold /copper) in addition to all the worthless American dollars that they own. :roll:

[hardworkingstiff]

Again, there are way too many factors. As Growler said an uptick in demand is due to Chinese buying...perhaps they want something with real value (metals - gold /copper) in addition to all the worthless American dollars that they own. :roll:

Then I guess it's doom and gloom again.

[electricmanscott]

I think the economy is way too complicated and diverse to rest on the idea that an increase in the cost of copper means a better economic future.

But not too complicated to be figured out in an electrical forum. ;) :rolleyes: :D

[LawnGuyLandSparky]

Of course copper was bound to go up. I sold about 700 pounds 3 weeks ago. Happens every time.

You flooded the market and tilted the supply / demand scale!

[peter d]

Then I guess it's doom and gloom again.


No, not doom and gloom. Just being realistic, is all.

[peter d]

But not too complicated to be figured out in an electrical forum. ;) :rolleyes: :D

Of course. All of the worlds problems and issues can be discussed and solved on an electrical forum. After all, electricians are never wrong. 8-)

[480sparky]

Of course. All of the worlds problems and issues can be discussed and solved on an electrical forum. After all, electricians are never wrong. 8-)

And because 'electrician' rhymes with 'magician', we do the same thing! http://i214.photobucket.com/albums/cc172/480sparky/Emoticons/magician.gif

[sii]

From my limited understanding (as evidenced by my results) of the stock market, I believe that basic materials are generally one of the first market sectors to increase in an advancing market.

[hardworkingstiff]

From my limited understanding (as evidenced by my results) of the stock market, I believe that basic materials are generally one of the first market sectors to increase in an advancing market.

And the advancing market is predicting the economy 6-8 months out.

[K8MHZ]

Aauummmmmmm . . . .

:grin:

Does that rhyme with 'ohm'?

[weressl]

Copper is over $2 again. Historically, copper moving up is an indication of economic expansion.

PMA everyone (Positive Metal Attitude)

Naaah, it is due to the expected increase in ammo taxing.:D

[Fulthrotl]

Naaah, it is due to the expected increase in ammo taxing.:D

nah, but copper and brass are used in ammunition manufacturing... i bet
that's what is driving the price up....

copper sales has a long historical precedence as an indicator in economic trends.

firearms sales has a long hitorical precedence as an indicator in political trends.

(Hk.... when you care enough to shoot the very best):D

[JWCELECTRIC]

I see no economic trend in cooper wire pricing, it just that time of year when contruction starts to kick in gear. Same holds for a gallon of gas, here comes travel season so oil companies need to start raising prices. I think they are the only one's showing profit. How do you think we got in this mess in the first place!

[hardworkingstiff]

How do you think we got in this mess in the first place!

Too easy credit.

[weressl]

Too easy credit.

Not really.

It is the reliance on credit.
When lending stops, everything stops.
Business buys on credit, sells on credit, pays on credit.
It is hardly different than the Ponzi Scheme, whic really should be renamed Madoff Scheme since he was MAGNITUDES greater, even in real-time $ than Ponzi. As long as there are new people keeps giving you money you can pay people who gave you money before.

Banks give out greater amount of loans than they have on deposit.

If everybody wants their money today, they don't have it. Theoretically the collaterals supposed to cover the gap but that is the problem. If everyone want's to sell their house today, in order to pay the banks back the houses (the collateral value of the lent money) could not be sold for half of the mortgage or even less because there would be a sellers glut. But that is not a problem because the banks can't lend you money, since it is tied up in the house you are trying to buy.:smile:

[TwinCitySparky]

Does that rhyme with 'ohm'?


I think he's trying to say - Aluminum! :grin:

[al hildenbrand]

:smile: LOL 8-)

[hardworkingstiff]

Not really.

It is the reliance on credit.
When lending stops, everything stops.
Business buys on credit, sells on credit, pays on credit.
It is hardly different than the Ponzi Scheme, whic really should be renamed Madoff Scheme since he was MAGNITUDES greater, even in real-time $ than Ponzi. As long as there are new people keeps giving you money you can pay people who gave you money before.

Banks give out greater amount of loans than they have on deposit.

If everybody wants their money today, they don't have it. Theoretically the collaterals supposed to cover the gap but that is the problem. If everyone want's to sell their house today, in order to pay the banks back the houses (the collateral value of the lent money) could not be sold for half of the mortgage or even less because there would be a sellers glut. But that is not a problem because the banks can't lend you money, since it is tied up in the house you are trying to buy.:smile:

If more traditional lending standards had been applied for the last 5-10 years we would not have had the housing bubble (of course the economy would not have been so robust either, which would have been a good thing) nor the leveraging that got out of control.

I maintain that too easy credit (lending) got us here. It led to overconsumption which led to an economy growing too fast etc. etc.

[weressl]

If more traditional lending standards had been applied for the last 5-10 years we would not have had the housing bubble (of course the economy would not have been so robust either, which would have been a good thing) nor the leveraging that got out of control.

I maintain that too easy credit (lending) got us here. It led to overconsumption which led to an economy growing too fast etc. etc.

..and that is exactly what they want you to believe.

Show me how the ballance changed when compared to 'before'? The numbers do not add up. This is a created crisis and economic warfare that is a form of World War. All wars were, are and will be for economic dominance.

[hardworkingstiff]

Show me how the ballance changed when compared to 'before'?

You asked.

http://www.chrismartenson.com/crashcourse/chapter-19-future-shock

[jrannis]

Seems like copper and gas prices go up and down together

[ItsHot]

Are the copper miners on strike again?

[jimport]

Supply house said they say a 10% increase in copper prices last week and another 9% this week.

[iaov]

Its very simple for me here in the north woods. When the stock market is OK rich people build thier dream homes here in Gods country. When the market is shakey they quit. I had two very big projects canceled last year. One of them is a go again for this summer so I think things are looking up.

[weressl]

You asked.

http://www.chrismartenson.com/crashcourse/chapter-19-future-shock

It says exactly what I am saying.