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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
 Posted - 02/09/2009 : 14:05:45
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Found on 321gold.com....sorry if this was already posted:
You must be logged in to see this link.
Here's the summarizing paragraph:
"As you know, we don't go on what people say, we go on what they do, which is why we bought Freeport McMoran early in December and are already up 50%. What Smart Money has been doing in the recent past and is still doing is piling into the stocks of big base metal and copper producers like BHP Billiton, Freeport and Rio Tinto, as is plainly evident from their bullish volume patterns. This implies a copper breakout soon and more than that, a big broad-based rally in commodities generally, especially gold, silver and oil which would be the result of the global reflationary efforts currently underway bearing fruit, even if the benefits are temporary and result in rampant inflation."
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My hobby: collecting real money 1 copper cent or nickel at a time.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/09/2009 : 14:22:49
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| I have been watching copper inventories pretty closely. They have been going almost straight up since June. If anything, I am surprised at how well the copper price has held up. The worm will turn eventually, maybe on the back of Obama's stimulus package, but I am not seeing it yet... |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 02/09/2009 : 16:09:40
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| I think that with the 2009 copper cent coming out showing that the mint is using copper again and may continue for a few years with it might come to play in the copper prices going up also. Just think about this for a sec. The mint had a lot to do with the prices in the early years and I think it will raise the demand for the metal again. |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 02/09/2009 : 17:12:09
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| I didn't know that the 2009 penny was changing composition back to copper. I thought they were just changing the back design. |
So long, Realcent 1. Come visit us at Realcent.org! |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/09/2009 : 17:22:43
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quote:
Originally posted by Corsair
I didn't know that the 2009 penny was changing composition back to copper. I thought they were just changing the back design.
Dont quote me on this but I think the standard circulation strikes are the zinc mix as usual, but they may have made some 2009 commeroratives for collectors that are copper. Maybe someone knows for sure... |
My hobby: collecting real money 1 copper cent or nickel at a time.
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hobo finds
Penny Hoarding Member
838 Posts |
Posted - 02/09/2009 : 17:26:39
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| correct. copper will only be for special issues. All others zinc |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 02/09/2009 : 21:07:39
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| That's what I thought. Where could someone get their hands on those 'special issue' sets? Will they only come out at the end of the year after all the designs have made their way in to circulation? And do you guys think they'd be worth getting? |
So long, Realcent 1. Come visit us at Realcent.org! |
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fb101
Administrator
USA
2856 Posts |
Posted - 02/09/2009 : 21:28:48
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Order them from the mint.
Whether they'll be worth it is unknown. |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
Posted - 02/10/2009 : 08:26:30
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Since other "set only" coins occasionally turn up in circulation;
keep your eyes/sorting methods peeled for the first 2009 "copper cent" found in the wild.
Does anyone know if the special "copper" cents will be the old 3.56 gm weight?
That will be the way to tell the difference between the zinc (or if the "specials" are Proof only) |
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misteroman
Administrator
USA
2565 Posts |
Posted - 02/10/2009 : 10:39:31
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Inmate,
Where you been lately?Hadn't seen that scary cow in awhile |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 02/10/2009 : 10:43:17
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| and I and about 100 million other americans will be saving that 09 penny and just like everything supply and demand related the thing will be hard to find.Every can put away $5 now X that times 100 mil and you have a shortage |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/10/2009 : 12:17:03
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quote:
Originally posted by NiBullionCu
Does anyone know if the special "copper" cents will be the old 3.56 gm weight?
If you mean the old value of 3.11 grams, then yes, that's what it'll weigh. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 02/10/2009 : 12:20:43
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quote:
Originally posted by misteroman
Inmate,
Where you been lately?Hadn't seen that scary cow in awhile
Been away with family things. Doing a bit of research on a few error types and searching my old stacks of zincolns for new errors and varieties that I have newly learned about. Like the 06, 02, & 97 DDO cents and the 96 Wide AM cent. |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 02/16/2009 : 23:59:15
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| Personally, I think copper will languish for awhile due to decreased industrial and construction demand. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Copper breakout imminent
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