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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
 Posted - 07/18/2008 : 04:46:50
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2 events in the upcoming weeks will most likely cause copper prices to fall. Don't panic, this will just be a temporary decrease.
Europe takes vacation in August - Most of Europe shuts down in the month of August and people take vacation. This will decerease usage of copper.
China will be shutting down production in an around Bejing to clear the air for the Olympics which start August 8. The copmpany I work for has been asked to shut their production in the weeks before the Olympics and until the end of the games. Less production will mean less copper usage.
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fb101
Administrator
USA
2856 Posts |
Posted - 07/18/2008 : 09:31:50
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| Thanks for the tip |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/18/2008 : 15:37:12
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| Copper sure has been falling a lot lately...I remember a week or two ago when copper hit $4/pound. Now it is at $3.76? Do you have any predictions for what It will go down to? |
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Nickelless
Administrator
USA
5580 Posts |
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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 07/18/2008 : 18:34:39
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Yes - enjoy the limited amount of time we have left - once the copper memorials are gone, that's it my friends. I'm just praying that we have 3 more years or so left, so that I can hit my goal of hoarding $20,000 and then at some point thereafter, cash the hoard in for $80,000 - $100,000.
Stay thirsty my friends - The most interesting man in the world - Dos Equis commercials |
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n/a
deleted
32 Posts |
Posted - 07/18/2008 : 19:47:32
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quote:
Originally posted by jpf231
Yes - enjoy the limited amount of time we have left - once the copper memorials are gone, that's it my friends.
Exactly. At the moment, we should be pleased when copper goes down, the dollar goes up, the stock market looks like it might not totally crash, etc. The less anxiety in the general population, the less likely it is that hundreds of thousands of people will begin hoarding Cu pennies. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/19/2008 : 09:48:26
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| will gas prices also go down? |
"99% of all lawyers give the rest of them a bad name" 
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misteroman
Administrator
USA
2565 Posts |
Posted - 07/23/2008 : 11:21:28
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| looks like silver is doing it as well |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 07/23/2008 : 11:52:41
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quote:
Originally posted by misteroman
looks like silver is doing it as well
We are still in the weak season for gold and silver. I was a bit surprised by the strong move in July and now it is being erased. Too bad I didn't act on my gut which was telling me to sell. Anyhow time to hold and wait until late August when things typically start looking up.
As for copper, I am not sure... |
Edited by - horgad on 07/23/2008 11:55:08 |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 07/23/2008 : 18:54:44
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quote:
Originally posted by horgad
quote:
Originally posted by misteroman
looks like silver is doing it as well
We are still in the weak season for gold and silver. I was a bit surprised by the strong move in July and now it is being erased. Too bad I didn't act on my gut which was telling me to sell. Anyhow time to hold and wait until late August when things typically start looking up.
As for copper, I am not sure...
Hang in there, Horgad. Keep looking way down the road and remember that we're not the sheeples who are just looking at next quarter's portfolio statement. |
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Copper prices will fall late Jul/Aug
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