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Anyone else watching copper?

bronco2078bronco2078 Posts: 10,226 ✭✭✭✭✭
in Precious Metals


Apparently someone has been building up a huge position .

almost a 90% stake

Comments

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    JPM?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bestmrbestmr Posts: 1,778 ✭✭✭
    Alright! I'm THAT much richer with all my copper pennies.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭
    So somebody bought 90% if the worlds copper yet prices did not rise. What happens if he sells?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>So somebody bought 90% if the worlds copper yet prices did not rise. What happens if he sells? >>


    His not selling is what will raise prices. He controls 90% of the ask price.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • vprvpr Posts: 606 ✭✭✭
    It's not 90% of the world's copper. Just stocks held by the LME. I'm guessing another rogue trader who is averaging down.
    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>It's not 90% of the world's copper. Just stocks held by the LME. I'm guessing another rogue trader who is averaging down. >>


    or gambling up.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tincuptincup Posts: 5,142 ✭✭✭✭✭
    No worries.

    The exchange says they have 'robust' rules against regulations....

    So no way can they get away with it. Right??
    ----- kj
  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    What happens if he sells?

    The same thing that happens when everyone wants out of stocks at the same time, except that Wall Street exits first.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭
    We see this sort of activity all the time. A little research will reveal usual outcomes.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    We see this sort of activity all the time. A little research will reveal usual outcomes.

    Generally, the outcome depends on who has the political connections.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 10,226 ✭✭✭✭✭


    Physical copper is a different story that is concentrating in china just like physical gold is.

    China has been pulling in the lion's share of ore for a while now. They are also refining a lot , they are putting out twice as much refined copper as Chile which is in 2nd place .


    I don't know if paper copper is a good investment but I stack physical. I pick up a bit of 10% junk copper US coins every week at the LCS image
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>I don't know if paper copper is a good investment but I stack physical. I pick up a bit of 10% junk copper US coins every week at the LCS image >>


    I'm stacking US nickels for the extremely long term.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,862 ✭✭✭✭✭
    I used to hoard BU rolls of nickels. I still have them, because they're too heavy and expensive to ship after ebay and paypal fees - so they sit. Maybe I'll stack them into a safe that's not bolted to the floor - as burglar bait. Oh wait, I'm already doing that with cents.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,335 ✭✭✭✭✭
    it wouldnt hurt to have some set aside. the price has to go up sometime. jmo
  • BarndogBarndog Posts: 20,492 ✭✭✭✭✭
    the only form of copper that I stack (and occasionally use) typically comes packaged in 20 or 50 piece boxes.
    JR Newsletter Online Edition
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    nickel is the silver of the future.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    One thing I just became aware of is the military has switched from bullets containing lead to copper bullets (better for the environment though it will cost taxpayers much more). So, with the exception of mining the gun ranges, copper, however small, will be used up every time a shot is fired.
  • C0INB0YC0INB0Y Posts: 627 ✭✭
    fficial&tbm=isch&tbo=u&source=univ&sa=X&ei=UDS6Uu6vKa6GyQHD4YG4AQ&ved=0CCsQsAQ&biw=1440&bih=738">Remember the Collapse?
    I was ‘COINB0Y' with 4812 posts and ‘Expert Collector’ ranking (Joined in 2006).
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I find silver too bulky to store in quantity; never mind nickel and copper.

    I need to be mobile in case I need to cash in my insurance, and that means gold and platinum.

    for speculation, copper and nickel do not make my top 50 list.

    Liberty: Parent of Science & Industry

  • bronco2078bronco2078 Posts: 10,226 ✭✭✭✭✭


    Here is a good study of copper for those interested world copper fact book 2013

    Its a pdf so i can't link directly to a certain page but look at the trading flow maps starting on page 34 .





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