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There Goes Copper...
BI ^
| 7-23-2015
| Akin Oyedele
Posted on 07/23/2015 10:02:41 AM PDT by blam
Akin Oyedele
July 23, 2015
Copper is at a six-year low.
On Thursday, copper fell nearly 2% to as low as $2.385 a pound, the weakest level since 2009.
This is part of a big sell off in commodities. Iron-ore prices have plunged, crude oil is trading below $50 per barrel, and gold is far from recovering after Sunday's flash crash and this week's continued weakness.
Each market has its own set of factors motivating traders to sell. However, concern about China's slowing economy is something that is working its way across a few markets.
(snip)
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: commodities; copper; economy; investing
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1
posted on
07/23/2015 10:02:41 AM PDT
by
blam
To: blam
2
posted on
07/23/2015 10:03:46 AM PDT
by
blam
(Jeff Sessions For President)
To: blam
Scrap metals have been down for a while now...................
3
posted on
07/23/2015 10:04:19 AM PDT
by
Red Badger
(Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
To: blam
4
posted on
07/23/2015 10:04:23 AM PDT
by
onyx
(PLEASE Support FR - GO MONTHLY - Join CLUB 300 - God bless FR's Donors!)
To: blam
If it keeps falling maybe I can get that copper roof I have always wanted.
5
posted on
07/23/2015 10:05:22 AM PDT
by
Harmless Teddy Bear
(Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
To: blam
Too late. PEX is steamrolling the water line market.
To: blam
Sell off = Buying opportunity
7
posted on
07/23/2015 10:07:44 AM PDT
by
lormand
(Inside every liberal is a dung slinging monkey)
To: onyx
8
posted on
07/23/2015 10:08:05 AM PDT
by
blam
(Jeff Sessions For President)
To: onyx
The outlook for copper is greatly focused on China.
9
posted on
07/23/2015 10:08:30 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: blam
"You got nothin' on me, copper!"
10
posted on
07/23/2015 10:09:10 AM PDT
by
Fido969
To: blam
There are several copper projects waiting regulatory approval which has been years in arrears, at the behest of the enviros. Other startups are waiting on better prices. At $3.50 a number are ready to start production.
11
posted on
07/23/2015 10:14:28 AM PDT
by
JimSEA
To: blam
And it is not just in China as many would like to scapegoat: in June, in addition to a -19% drop in Asia Pacific (following a 30% Y/Y plunge a year ago, which in turn followed a 21% drop in 2013), US retail sales posted their first Y/Y decline since February, dropping by 5%.But the real depression is in Latin America, where CAT retail sales plummeted by a whopping 50%: the most in reported history, and follow an 18% drop from a year earlier.
One more reason to close the borders...
12
posted on
07/23/2015 10:14:31 AM PDT
by
GOPJ
(They are not undocumented and they are not immigrants. They are illegal aliens. Lurkinnamloomin)
To: blam
13
posted on
07/23/2015 10:15:14 AM PDT
by
onyx
(PLEASE Support FR - GO MONTHLY - Join CLUB 300 - God bless FR's Donors!)
To: thackney
14
posted on
07/23/2015 10:15:44 AM PDT
by
onyx
(PLEASE Support FR - GO MONTHLY - Join CLUB 300 - God bless FR's Donors!)
To: blam
Activity in North & South America are way down recently. We have fallen off the cliff, but do not realize it.
15
posted on
07/23/2015 10:17:54 AM PDT
by
Erik Latranyi
(Scott Walker - a more conservative governor than Ronald Reagan)
To: blam
16
posted on
07/23/2015 10:18:18 AM PDT
by
JPG
(What's the difference between the Rats and the GOPe? Nothing.)
To: blam
Too bad candy is not a commodity. It does nothing but go straight up. We could all be rich.
To: blam
Darn!
Waited too long to sell my penny collection....
18
posted on
07/23/2015 10:26:09 AM PDT
by
G Larry
(Obama Hates America, Israel, Capitalism, Freedom, and Christianity.)
To: blam
So why ain’t my ammo prices dropping dagnabbit!
19
posted on
07/23/2015 10:26:09 AM PDT
by
Raymann
To: onyx
Why? Pretty simple..It's the usual reason where supply far exceeds demand.
In spite of all the rosy economic statements coming from the Obama regime as well as the Chinese, (two largest users of copper) the reality shows up in the prices of commodities and copper is a commodity.
20
posted on
07/23/2015 10:30:28 AM PDT
by
Cold Heat
(For Rent....call 1-555-tagline)
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