Something else to consider. All the single rolls of high priced wire needs to be moved out at the price HD paid for it _ profit. If you have a project, where you buy at least 60, 250' rolls of 12/2 (pallet load) they will sell at a contractor price (about 30% less) to move "new priced copper" wire.
Copper is only running about $1.71 a pound for commodity now.
The prices of those items are plummeting, along with the economy.
The sky is falling!
I Hope you're right. My wife is getting on my case. The side of my house is starting to look like Sanford & Son - Salvage. I called last week to inquire about clean scrap copper. I was told "today it's $1.40/lb but tomorrow it's going down to $1.20/lb". In addition scrap aluminum was about $0.40/lb as was copper wire with insulation on it. It's almost not even worth loading it on the truck and making the trip to the scrap yard.Now on down side. I planned on cashing in my scrap for x mas ,simply not happening. Let it sit, it will go up soon.
I Hope you're right. My wife is getting on my case. The side of my house is starting to look like Sanford & Son - Salvage. I called last week to inquire about clean scrap copper. I was told "today it's $1.40/lb but tomorrow it's going down to $1.20/lb". In addition scrap aluminum was about $0.40/lb as was copper wire with insulation on it. It's almost not even worth loading it on the truck and making the trip to the scrap yard.