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Frugi
Administrator
USA
627 Posts |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 01/15/2008 : 07:13:27
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That has got to be bad data.
Check this article written today:
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"Copper fell the most in a month, leading metals lower in London,"
"Nickel lost $500, or 1.7 percent, to $28,800."
It looks like it is going to be a bad day for base metals in any case.
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Edited by - horgad on 01/15/2008 07:20:33 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/15/2008 : 07:25:36
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Nickel January 15,08:11
Bid/Ask 8.5977 - 8.6657
Change -4.4543 -34.13%
Low/High 8.5977 - 13.1653
Charts
Spot quotes are non-LME prices
Live Spot Prices
SPOT PRICE IS OPEN
Price: US$/lb
Copper January 15,07:56
Bid/Ask 3.2685 - 3.2776
Change -0.0727 -2.17%
Low/High 2.1836 - 3.3661
Charts
I have learned not to trust Kitco quotes. But it is a down market today. Silver slightly lower too. |
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Think positive. |
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Frugi
Administrator
USA
627 Posts |
Posted - 01/15/2008 : 08:12:09
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Kitco is a refiner and the prices quoted by them I believe are 1 month behind market.
Current stock market prices for gold are usually always higher because I think are based on gold futures, whereas the refiner is buying in the present not the future.
I do not put all my faith into kitco, there is many a site to find the info. needed.
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I do believe the drop in price is/was accurate, but the price has since rebounded to a mere deficit of only 1.54% WOW!! What a rebound! |
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 01/15/2008 : 10:01:12
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I saw the same thing on Kitco and almost fell out of my chair. But I thought it had to be an error. I logged on to LME, and they show no such price decline for today's trading. It has to be an error on Kitco's part. A drop like that would be catastrophic.
MaDeuce |
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Ni down 34% Ouch!!!
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