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!

 

[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.

 

[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.

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

 

[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.

And because 'electrician' rhymes with 'magician', we do the same thing!

 

[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'?