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jonflyfish
Penny Hoarding Member
USA
693 Posts |
 Posted - 02/25/2009 : 19:51:32
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Hi all. First time poster here. Have been lurking here for the last couple of months since Andy (fantastic person) hooked me up with a Rye (900k and counting...)
Am an active trader and thought to share that according to my quantitative trading model that I use to make a living now shows that an imminent pop higher for copper is very near. Perhaps if anyone is interested I could share a chart later. 
Happy sorting!
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
 Posted - 02/25/2009 : 20:00:54
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quote:
Originally posted by jonflyfish
Hi all. First time poster here. Have been lurking here for the last couple of months since Andy (fantastic person) hooked me up with a Rye (900k and counting...)
Am an active trader and thought to share that according to my quantitative trading model that I use to make a living now shows that an imminent pop higher for copper is very near. Perhaps if anyone is interested I could share a chart later.
Happy sorting!
Welcome. Glad to have you. Any insight is much appreciated. Welcome.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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goodcents
Penny Hoarding Member
USA
504 Posts |
Posted - 02/25/2009 : 20:19:41
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| welcome Jonflyfish. We love to hear peoples' ideas and outlooks on copper. |
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fb101
Administrator
USA
2856 Posts |
Posted - 02/25/2009 : 20:30:46
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| Yes, welcome. I'd like to see your charts. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 02/25/2009 : 21:02:54
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quote:
Originally posted by fb101
Yes, welcome. I'd like to see your charts.
10-4! |
Beer is my currency. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 03/16/2009 : 22:51:49
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Sorry I forgot to post this sooner. This is a chart of daily copper price activity along with some indicator lines representing a price change to the upside as previously mentioned just before the recent price surge. Cheers
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 03/19/2009 : 00:03:02
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Interesting chart of Freeport-McMoRan's copper production to contrast with the price chart posted earlier. Production lags by about 3 months but am impressed with the speed of their reaction. A good example of price control through output curtailment and massive layoffs.
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
Edited by - jonflyfish on 03/19/2009 00:05:57 |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 03/23/2009 : 10:53:13
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| Looks to be that $0.02 per cu cent is a bargain at current rates! Future seems to be more like $0.05? |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 03/23/2009 : 16:36:22
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| I can't wait. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 03/25/2009 : 23:09:33
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As I understand it Freeport-McMoRan may have just depleted all of its copper from their largest North American facility which could be causing a squeeze. Plenty of ore but production is slow. China drained the LME stock. Time will tell if they are filling demand needs or hoarding. Natural gas and crude prices have also bounced considerably which gives the perception that industrial activity may be creeping back. Nothing moves linear but the bottom in copper seems to have already printed as previously anticipated (See above chart and post about "imminent pop higher")
Cheers! |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/26/2009 : 00:14:30
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| Welcome aboard jon...even though you are new here, it looks like you have plenty of experience and knowledge to share with us! |
My hobby: collecting real money 1 copper cent or nickel at a time.
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No82s
Penny Pincher Member
USA
198 Posts |
Posted - 03/26/2009 : 08:14:19
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| It's simple supply and demand. Most copper producers have cut production and laid off miners becasue they couldn't cover their costs mining the ore and smelting it. Kinda like OPEC saying they cut production and supply of oil to get prices back up. The other thing about the price of oil is that it is priced in US dollars. As the dollar gets weak the price of oil goes up automatically, regardless of supply. |
The difference between an optimist and a pessimist is that the pessimist is better informed. |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 03/26/2009 : 09:07:04
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| Isn't most copper mining production a by-product of silver mining? Or is it vice versa? Read that somewhere... |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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n/a
deleted
7 Posts |
Posted - 03/28/2009 : 22:41:42
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I guess I'm having problems understanding Jons' charts, but I do like the trend of this chart:
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/29/2009 : 07:16:39
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quote:
Originally posted by vrbsroma
Isn't most copper mining production a by-product of silver mining? Or is it vice versa? Read that somewhere...
vice versa...by far most silver is a by-product of other mining activities. There only a very few mines that can truly be called silver mines where the majority of money is being made on the silver and not on other metals. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 04/05/2009 : 19:19:47
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quote:
Originally posted by jonflyfish
Hi all. First time poster here. Have been lurking here for the last couple of months since Andy (fantastic person) hooked me up with a Rye (900k and counting...)
Am an active trader and thought to share that according to my quantitative trading model that I use to make a living now shows that an imminent pop higher for copper is very near. Perhaps if anyone is interested I could share a chart later.
Happy sorting!
This IS the "imminent pop higher" mentioned. Here is an updated chart I use for trading copper- Cheers!
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 04/09/2009 : 18:41:37
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Well...copper hit my initial price target of 2.07. Picked up 64 boxes today and will get 64 more tomorrow and feed them to my Ryedale this weekend in celebration!
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/07/2009 : 01:21:13
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The price of copper just keeps rising. Pretty soon everybody and their brother will be buying Ryedales and trying to sell copper on eBay again.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Nickelless
Administrator
USA
5580 Posts |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 05/07/2009 : 05:03:27
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[quote]Originally posted by jonflyfish
Well...copper hit my initial price target of 2.07. Picked up 64 boxes today and will get 64 more tomorrow and feed them to my Ryedale this weekend in celebration!
[/quote
64 Boxes x 2 x $25 = #3200 in boxed pennies is a serious start. That is a crap load of unwrapping.
That is worth a picture - if you still have them piled up....that might even be a larger pile than HCBTT had a picture of years ago. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/07/2009 : 05:27:59
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| how do you pick up 64 boxes without your bank going berzerk? |
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harley1
Penny Pincher Member
140 Posts |
Posted - 05/07/2009 : 12:40:48
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| i was wondering the same thing |
Today is the tomorrow we worried about yesterday. |
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maoguinn
Penny Pincher Member
USA
118 Posts |
Posted - 05/07/2009 : 20:14:45
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| I was wondering the same thing, I only picked up 10 rolls today. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 05/08/2009 : 07:28:33
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quote:
Originally posted by c140cessna
[quote]Originally posted by jonflyfish
Well...copper hit my initial price target of 2.07. Picked up 64 boxes today and will get 64 more tomorrow and feed them to my Ryedale this weekend in celebration!
[/quote
64 Boxes x 2 x $25 = #3200 in boxed pennies is a serious start. That is a crap load of unwrapping.
That is worth a picture - if you still have them piled up....that might even be a larger pile than HCBTT had a picture of years ago.
Sorry- sorted 64 one day then 64 the next. That was some several sorting days ago. Many others sorted since. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 05/08/2009 : 07:34:54
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quote:
Originally posted by buyingsilvers
how do you pick up 64 boxes without your bank going berzerk?
Ordered 24/branch (4 branches) in advance and picked up the others by stopping in to random banks along the pickup route. I learned early on that asking for more than $50 in pennies without advance notice can get a teller to squirm but if you contact the vault manager, ordering $500-600 FV is usually no sweat.
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/08/2009 : 07:54:59
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| I'll have to give that a try. Their eyes bug out when I'm ordering only 2 boxes. |
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The price of copper
Forum Locked
