Well it finally looks like the tides have turned and the deflation bubble has popped. Copper is up 7 cents so far today which is a big move. Oil keeps going up also so that is helping to push metals up.
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Well it finally looks like the tides have turned and the deflation bubble has popped. Copper is up 7 cents so far today which is a big move. Oil keeps going up also so that is helping to push metals up.
I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE
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daily copper chart:
Kitco - Copper Charts and Graphs - Copper Prices - Copper Quotes, Cu, Industrial metals
copper is up about 10 cents in the last 24 hours
If I might interject and offer a different opinion into the cause of volatility in the copper market? There isnt any bubbles popping right now just more blowingYou have hedgers and speculators in full control of where these prices go at the moment. Oh dont forget China's demand is drying up because their economy sucks just like ours does. Ill leave it to Loyd Blankfeins minions to explain: Regarding Copper
in our view the window for higher prices is shortening as time passes. As a result, we recommend producers consider medium-term hedging strategies into any further near-term price rallies. Indeed, we believe that an increasing consensus is building on a 2014 surplus, which is likely already resulting in a bearish shift in sentiment towards the medium-term copper outlook by many market participants. At the same time, markets such as zinc, which have improving medium-term supply/demand balances, from prices digging into the cost curve (rather than deteriorating medium-term supply/demand balances from prices trading above marginal output costs, as is the case in copper), are likely to benefit from improved sentiment over the medium term.
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Well their seems to be a negative effect on Steel then, Just dropped another $20/ton here this week. Last week- $220.. Down to $200.. Peak in 2013 was $240.. Come on Steel Mills.. Put some orders on your books ;-)
I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!
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yes steel is down right now, because its lagging a week or so behind the current economic moves, oil going up will push domestic steel prices up
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Yeah, and GS never bashes anything down to take a long position in it, either...Originally Posted by LifecyclesLLC
I never listen to the Wall Street jabbermouths. Them & weathermen are two occupations that seem to be able to keep their jobs despite being wrong more often than not. I used to be in the stock trading business... I got out for my health. But let me tell you a little story: The last time I had an article about me published in Barron's, the front page had 2 words in HUGE font: BUY GM. Less than a year later, GM filed for bankruptcy protection and any sucker who took that advice lost their A$$E$. In my article I suggested that people buy blue collar stocks with PEG ratios below 0.5 that pay a 2% or better dividend. I would suggest the same today, tomorrow, and 5 - 10 - 100 - 1,000,000 years from now.
Out of clutter, find simplicity. --Albert Einstein
Power cord power ranger
3% move I wouldn't jump the gun.
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