Posted on 04/17/2013 8:12:54 PM PDT by blam
Copper Is Looking Ugly Tonight
Joe Weisenthal
April 17, 2013, 9:05 PM
One of the big ongoing stories is the selloff in commodities.
Gold is the most notable loser, but industrial ones like oil and copper are taking a beating too.
Copper fell all day, and continues to be weak into the evening.
From FinViz:
FinViz
(Excerpt) Read more at businessinsider.com ...
DIVE DIVE DIVE!!!!!
....And keep diving! It can only make ammo cheaper! (we need all the help we can get right now!)
China ain’t what it used to be....
Why is copper falling. Rio Tinto just announced that the Bingham mine will be producing 50% less copper this year (they produce about 20% of US copper).
China...China....China....
How is it that China has become the canary in the coal mine for the markets in the US?
A Communist State controlled economy that is essentially uncontrollable plus economic numbers that were once laughed at and totally mistrusted and now are considered as accurate as ours.....??????
LOL....I think That is kinda funny....One of us has fallen into the pit....and it is not China....
Copper, gold, silver.... “Rosebud” might be on to something...
“Why is copper falling. Rio Tinto just announced that the Bingham mine will be producing 50% less copper this year (they produce about 20% of US copper).”
This *should* indicate to you that bigger forces are at work.
Good time to buy. IMHO.
Goldbug ping.
Good.
Maybe it will discourage the druggie bastards from stripping it out of houses, barns and stealing air conditioners.
Does it matter if the ammo is cheap when you cannot even find it to buy? I’ve been looking for .22LR since December and no luck at all, other than price gouged small boxes of 50 rounds. I have orders pending but with the backorder keep getting pushed back several times since I ordered in Dec. now not expected until September I’m thinking of canceling the order.
It’s not China’s doing! The problem is US retail customers have less disposable income to spend on junk from China. Have you shopped for groceries lately? There is no bear market there. Then add gasoline, property taxes, medical bills, insurance bills, all are in ugly bull trend.
Hence the term “Dr. Copper”.
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