Breaking News! Copper margins raised again

BigE

Text

roadrunner

They just did a 15% increase that took effect this morning! I guess if they continue to bump it 15% every 2 days
they will succeed in turning it into a cash market in about 2 weeks. Guess they didn't like the fact that metals turned
around so strongly the past 36-48 hours. Copper just stopped going down, which apparently wasn't good enough.

roadrunner

cohodk

Good. Copper is still 30% overpriced.

BigE

Pricing is going to end up being artificial if set in this fashion much longer. I know for a fact that any industry consuming large quantities of nat gas never pays over 3.00/unit BTU for it all year. When I asked why it is over 3.50 on the futures they shrugged and said that what people bid it to, no one ever buys it for that lol------------BigE


maybe PM physical spot is messed up also

roadrunner

They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner

cohodk

<< <i>They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner >>




Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market.

roadrunner

<< <i>

<< <i>They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner >>




Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market. >>



But, without the banksters there wouldn't be much of a market, just the real producers.

roadrunner

Twinturbo

Very true too much speculation currently.
I feel alot of people are scared from silver now due to the drop experienced at $50 to our low of $30 currently.
Many did buy in at $40+ even over $50 per oz and now are looking at $30 an oz anywhere from a 20-40% loss for many smaller investors looking for a safe haven for their money.
In addition copper is also overpriced, weak demand from china and other emerging markets as well as industrialized western nations, too much copper currently available for recycling. If you have physical copper now is the best time to unload or actually 15 months ago, but regardless I dumped close to 5000 lbs of copper from water heaters (Hoyt) and pure copper piping/ plumbing extracted from homes about 6 months ago.
With China swithcing to a consumer economy over a manufacturing base, its unlikely copper is undervalued currently.

cohodk

<< <i>

<< <i>

<< <i>They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner >>




Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market. >>



But, without the banksters there wouldn't be much of a market, just the real producers.

roadrunner >>




So PMs have no value?

Or PMs have no market?

Or if all the banks go broke and the FED is disolved, then PMs are worthless?

I thought we, the little people, (Chinese and Indians included) were in the markets buying PMs?

So many questions.


Welcome twinturbo.

BigE

<< <i>

<< <i>

<< <i>

<< <i>They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner >>




Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market. >>



But, without the banksters there wouldn't be much of a market, just the real producers.

roadrunner >>




So PMs have no value?

Or PMs have no market?

Or if all the banks go broke and the FED is disolved, then PMs are worthless?

I thought we, the little people, (Chinese and Indians included) were in the markets buying PMs?

So many questions.


Welcome twinturbo. >>





Many good questions though. It would appear PM investors who hate Wall Street need them to make a buck. Irony is killing me------BigE

Twinturbo

<< <i>

<< <i>

<< <i>

<< <i>They are losing silver futures investors as well since the leverage is now down to around 6-1.

roadrunner >>




Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market. >>



But, without the banksters there wouldn't be much of a market, just the real producers.

roadrunner >>




So PMs have no value?

Or PMs have no market?

Or if all the banks go broke and the FED is disolved, then PMs are worthless?

I thought we, the little people, (Chinese and Indians included) were in the markets buying PMs?

So many questions.


Welcome twinturbo. >>



Thanks for the welcome I look forward to many more topics on this forum

Spooly

Speaking of copper....... who is minting all these copper rounds? At the current price ... these rounds worth about .20 each.

derryb

<< <i>Good. Maybe if we can get rid of the fast (easy) money speculators , we can find out what the PMs are really worth and establish a healthy market. >>


Without specualtion PMs will really be worth much less. We witness that every time there is a margin requirement hike. Most stackers bought at prices affected by speculators and with the hope that the speculative affects would continue to do their magic. In other words most buyers bought because they believed there would be a mad rush into metals down the road. Remove speculation and you have removed some of the magic. Speculators drive up the eventual profit for stackers. Be careful what you ask for.