I don’t understand the logic here. Without understanding what drove copper from $3.50 to $4.50, how do you know what drove from $4.50 to $3.30? The outlook for the economy is bleak, because outlook for the economy is bleak. Sometimes financial market folks remind me of climate scientists.
Sometimes financial market folks remind me of climate scientists
$3.50 to $4.50 probably speculators and demand from China. The word is China’s building boom may be ending. They were using enough resources to build a city the size of Houston in a month.
Komatsu is saying they are not getting paid by developers in china. Komatsu is Caterpillar’s competition.
The “confidence” in Obama and the western and Chinese debt binge is over. People think things are not going to get better.
They sure will not with Hussein, Romney, Amigo Perry, Newt or Federal Reserve Herman Cain. The Fed is pure evil along with anyone who worked there.
I don’t understand the logic here. Without understanding what drove copper from $3.50 to $4.50, how do you know what drove from $4.50 to $3.30? The outlook for the economy is bleak, because outlook for the economy is bleak. Sometimes financial market folks remind me of climate scientists.
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I agree. The fall could just be from hedge fund ‘operators’ having to sell to cover margin calls, and not “world downturn” at all.
I’d say reduced demand thanks to a world economy that is crashing down.
‘. Sometimes financial market folks remind me of climate scientists.’
Yes, why is all economic news bad news? Copper has been so overpriced that you’re afraid to go out for the evening lest someone rip the wiring out if your walls. Cheaper commodities is GOOD news for us all.