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If You Really Believe In That Whole "Dr. Copper" Thing...
TBI ^
| 3-30-2011
| Joe Weisenthal
Posted on 03/30/2011 11:07:12 AM PDT by blam
If You Really Believe In That Whole "Dr. Copper" Thing...
Joe Weisenthal
Mar. 30, 2011, 1:47 PM
Copper is seen frequently as a great predictor of economic health, but a lot of the time it moves in line with the overall market, and thus its use as a barometer is of limited use.
Not so lately. While the market has come back nicely, copper continues to look very ugly, and is markedly bucking the uptrend today.
Believe in the whole "Dr. Copper" thing? Now's your chance to put your money where your moth is.
Here's copper going back a few months.
(Excerpt) Read more at businessinsider.com ...
TOPICS: News/Current Events
KEYWORDS: commodities; copper; economy; gold
A couple days ago a friend sent me an email and all it said was
"Buy Gold." I sent him one back that said "Hoard Copper."
1
posted on
03/30/2011 11:07:17 AM PDT
by
blam
To: blam
The Markets come back is artificial. Industrial use of copper is not.
2
posted on
03/30/2011 11:10:23 AM PDT
by
Psycho_Bunny
(Public employee unions are the barbarian hordes of our time.)
To: blam
While you’re at it, hoard the American 5 cent coin. The melt value of the metal in it is now equal to 7.0134 cents. 28% profit, less costs, once you accumulate, say, a ton or so.
3
posted on
03/30/2011 11:11:03 AM PDT
by
SAJ
(Zerobama -- a phony and a prick, therefore a dildo)
To: blam
Now's your chance to put your money where your moth is.Jesus recommends against that, in Matthew 6:19 -- “Do not store up for yourselves treasures on earth, where moths and vermin destroy...
:-)
4
posted on
03/30/2011 11:15:05 AM PDT
by
Nervous Tick
(Trust in God, but row away from the rocks!)
To: blam
“copper continues to look very ugly”
Not when the price is north of $4.00 a pound..its ugly at $1.50..the cost of production..
To: Nervous Tick
6
posted on
03/30/2011 11:31:01 AM PDT
by
rightwingintelligentsia
(Forcing one person to pay for the irresponsibility of another is NOT social justice.)
To: montanajoe
7
posted on
03/30/2011 11:35:00 AM PDT
by
kbennkc
(For those who have fought for it, freedom has a flavor the protected will never know.)
To: blam
LOL “The market hascome back nicely...” Today must be comedy day. The market hasn’t come up nearly what gold has and don’t even talk about silver. It hasn’t even kept pace with the dollar, which is the point...
8
posted on
03/30/2011 11:44:43 AM PDT
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: blam
Don't forget the brass!
9
posted on
03/30/2011 11:46:26 AM PDT
by
AFreeBird
To: SAJ
And the nice thing about ‘hoarding’ the nickel is this: you will never pay more than 5 cents for it, and, it will never be worth less...
10
posted on
03/30/2011 11:48:22 AM PDT
by
Paisan
To: blam
put your money where your moth is Always a good idea...
11
posted on
03/30/2011 11:51:19 AM PDT
by
null and void
(We are now in day 797 of our national holiday from reality. - It's 3 AM, where is the 'president'?)
To: Paisan
Actually, the $.05 piece is not all nickle. it is a copper-nickel blend. It is mostly copper.
12
posted on
03/30/2011 1:04:49 PM PDT
by
fireforeffect
(A kind word and a 2x4, gets you more than just a kind word.)
To: SAJ
13
posted on
03/30/2011 2:35:31 PM PDT
by
blam
To: blam
What "ahem!"?? We're obviously on the same side of the trade. (scratching head...)
Just btw, non-precious metals have been somewhat skittish since that article was written, speaking generally.
14
posted on
03/30/2011 2:46:45 PM PDT
by
SAJ
(Zerobama -- a phony and a prick, therefore a dildo)
To: null and void
15
posted on
03/30/2011 2:47:40 PM PDT
by
SAJ
(Zerobama -- a phony and a prick, therefore a dildo)
To: SAJ
Freeper Travis McGee turned me onto nickels a couple years ago. I’ve been saving them ever since.
16
posted on
03/30/2011 6:19:35 PM PDT
by
blam
To: SAJ
Freeper Travis McGee turned me onto nickels a couple years ago. I’ve been saving them ever since.
17
posted on
03/30/2011 6:19:39 PM PDT
by
blam
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