Posted on 10/10/2011 10:50:29 AM PDT by blam
Don't Miss The Rally In Metals Prices
Eric Platt
Oct. 10, 2011, 12:53 PM
Precious metals are rallying this afternoon with December deliverables of gold and silver trading up 2.3% and 4.2% to $1,674/oz and $32.295/oz, respectively.
News that European leaders would come to a consensus on bank recapitalization and the European Financial Stability Facility by the end of October sent the Euro above $1.36, reversing last week's low of $1.31.
Other metals posted gains including copper, which is up 3.3% to $3.3825/lb.
Copper
(Snip)
(Excerpt) Read more at businessinsider.com ...
As a do-it-yourselfer in house wiring, I've noticed the price of copper wire going way up to points that can't be explained by this copper price. Why should a spool of wire which has five pounds of copper in it jump in price from $50 to $99? Even if copper had been free before, this price is not enough to explain that.
Why couldn’t the US go to aluminum pennies and recycle the copper ones?
If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating.
http://coins.about.com/od/uscoins/f/copper_to_zinc.htm
Do we still need pennies?
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