| Author |
 Replies: 31 / Views: 4,559 |
|
|
|
Bedrock of the Community
United States
19949 Posts |
Perhaps this will finally get them to lift the melting ban. They way they are pumping out the 2010 cents leads me think they are working hard to increase the cent supply.....perhaps it's so they can finally lift the ban.
|
|
Bedrock of the Community
United States
19949 Posts |
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad
12/11/2010 8:20 pm
|
|
Pillar of the Community
United States
958 Posts |
badthad,
copper itself is not in high demand for production use , just as silver and gold are not.
No higher then they were in 2008
The metals are being hyper inflated ( manipulated ) due to the poor economic status of the us dollar
Copper itself is in no more demand today then it was in 2009 when it hit $1.10 cents a pound.
Nothing has changed in world prduction use of copper to inflate its value to $4.00
other then people trading it and the amount of paper being moved around.
Like I said" the actual supply of copper is not in huge demand "atleast not any more then the last 2 years
the supply is abundant.
The only thing in demand is the price one trader is willing to outbid another trader for it.
Untill it gets run up and then falls back down to $1.10 agian
If you read your news link " trader news "
The trading of copper on paper does not even reflect the actual copper being used or its supply.
Just as silver is in no bigger use at 30oz then it was at 4oz
The only thing is the actual silver is just switching hands to people paying more for it.
Sitting in one persons vualt then anothers.
supply is the same just changed hands
Besides most of the silver being sold is all on paper and does not even exist in reality
The silver is not even switching hands it's all on commodities exchange paper.
Say you have 10 people all bidding on 5 lb roll of copper wire.
they out bid each other untill the winner gets its.
The actual supply of copper was always the same just a higher amount willing to be paid for it.
with the market no one even has to have the copper in hand,
By the time someone gives them the copper it could be sold to 4-5-5000 diff people and no one actually sees the copper ,some pay a lil less for it some a lil more. Some dont buy it at all but just place bets to if it will go up or down.
|
|
Pillar of the Community
United States
958 Posts |
when a company owns billions in copper,
theie job is to have people "report" that copper will surge higher.
why ? they want to get as many overbidders to buy as they can to continue a trend upwards
untill they decide to sell and take aprofit.
Someone that manages 3 billion in copper will at some point want to take a profit.
with that much copper they can take a profit ,buy it back and do it over and over.
as long as the over bidders keep buying
Copper right now is at its 40 historical high point even adjusted for inflation.
So sure if they can get " the sheep " to follow advice then they profit.
But dont give me some B/S that its going higher and they are sure of it when its already at its historical high point.
To riskey on just speculation alone.
NOW IF COPPER WAS AT A ALL TIME LOW say $1.00 or less and the historical data backs it up
then buy away its a sure thing it will only go up soon.
Anyone can print anything they want. You have to go by the data and history charts to get the big picture
|
|
Bedrock of the Community
United States
19949 Posts |
You are gravely mistaken. Copper has a HUGE demand in manufacturing. Here's some more infomation for you to digest because you obviously have not studied. Quote:
Copper is used in everything from electrical wires to pipes and air conditioners and demand for the metal is expected to shoot higher as the global economy recovers.
World-wide copper demand is likely to outpace supply by 497,500 metric tons next year, according to Casimir Capital, a hedge fund specializing in natural resources.
Quote:
"The tightness of the copper market is revealed by the fact that one participant can assemble over half of the available copper stocks," said Justin Lennon, base metals analyst at Mitsui Bussan Commodities in New York. "This says that there's not a lot of spare metal out there, that's for darn sure."
Copper for three-month delivery on the LME has jumped 7.2% to $8,729.5 a metric ton since Nov. 23, when the mystery buying came to light. New York copper is up 8.1%.
|
|
Pillar of the Community
United States
958 Posts |
the word wide economey has not recovered.
production is down.
what happens when the economey does recover? the dollar gets stronger
metals go back down.
look at your sources
1. your quoting a " hedge fund " that specializes in metals
thats really reliable isn't it ?A guy telling you to buy copper when he manages copper and no telling how million of dollars he might have of people money invested in copper. He wont say its gonna go down now will he
Goto the historical data charts if you want FACTS NOT OPINIONS
just like it did in 1981 metals plumeted
2 You quoted " the mysterious buyer ,and one can amass half the copper on the market "
thats called manipulation . has nothing to do with the actual supply of copper just who is holding it on paper
the fact is industry has slowed world wide becuase of the weak dollar copper is at a all time high of 4$ a pound
recovery will only make copper go down.
Your qouting traders and money managers, they WANT YOU TO INVEST
they get a commision off the trades bought and sold if you lose money or not.
The goal is to get people buying and selling and hopefully overbid what they own.
this is happened back in 1980 BUY BUY BUY the dollar is worthless
dollar recovered boom metals fell like a brick.
You should look into the worldwide supply of copper itself and how many mines exist
then factor it into todays depressed industry market ( computers, cell phones, electronics) sales are all mute .
then if production speeds up and more copper is needed will the market be using any more copper then it did before the recession and wil the mines speed production to keep up
Then you will as you posted above,hedge fund experts saying what they always say and a big buyer manipulating the market.
Really before you believe someone on the internt check why they wrote the article.
example
HEY OVER HERE BUY SILVER! BUY SILVER IT WILL REACH 50 A OUNCE! I'm a hedge fund manger take my advice
Underbreath my breath then I can sell all the silver I paid $4 a ounce for back in 2008 ...chuckle chuckle...give my self a 5 million dollar bonus and call it a day
hudge fund mangers HEDGE INFLATION they always predict high prices on metals
and whats the worse they can say if copper ,gold,silver plumet
oh sorry I was wrong LOL they dont care . THEY MANGE OTHER PEOPLE MONEY AND TAKE COMMISSIONS AND BONUES
if you win or lose
|
|
Pillar of the Community
United States
958 Posts |
Im not arguing copper is used in industry I am arguing the amount of actual copper that exist
chili makes accounts for 38% of the worlds copper supply and the chilin copper commission says it will keep expanding untill 2012
undersea copper amounts for billions of tons and will mined in the future when technology makes it cheap
old mines that were mined out 50 years ago get reused with new tecnology they can redig them deeper to get more copper.
the copper used in military shell casings has fallen and will fall more as we withdraw from the wars
56 new copper mines have been discovered in the last 30 years
copper wires can be replaced with thick alum wires this was seen in the 70's when made correct are just as good as copper and wont catch fire
copper is not like fossile fuels once its gone its gone, copper is recycled
as technology get better more copper will found and extracted with eazy
many facts about copper are well documented
a hedge fund manger is just blurting bits and pieces mixed with opinions to make you buy copper
But the hedge fund manger says " the sky is falling the sky is falling " you better buy up
|
|
Pillar of the Community
United States
3592 Posts |
coppertop5150,you have posted a lot of info regarding why not to bet on copper. Some of it may or may not be true.Unfortunately, you have also posted a lot of misinformation which doesn't lend to your credibility and I'll give a few examples (not exact quotes,I don't have time) such as: The depression was over in the mid 30's,silver fell $40 over night,and so on.That being said, I once again question your motives just as you point out above.Even if some of what you say is true,that does not mean money can not be made hoarding copper.Just as with any stock or metal base commodity,the trick is getting in on the ground floor and selling at the right time.My feelings are: Why does he work so hard to tell us not to invest/hoard copper...does he feel a need to protect us or just have a deep seated need to be right in any debate ?
|
|
Pillar of the Community
United States
7629 Posts |
Coppertop - You are not helping your position any at all by continuing to argue. Best to shut down the attraction and shove the soap box back in the trunk. You obviously have no clue what you're arguing about at this point.
|
|
Pillar of the Community
United States
4541 Posts |
i feel the meltban has not been lifted b.c there are enough heavy hitters that could make it disappear in no time. Once the mint starts getting the copper supply out the melt ban will be lifted. it was only put into play a couple of years ago
|
|
Pillar of the Community
United States
958 Posts |
im not telling anyone to NOT invest or hoard
Im telling you to look at the copper stats , copper supply , technology to mine copper ,undiscovered copper
THEN LISTENING TO A HEDGE FUND MANGER'S PREDICTIONS
look at the historical HIGHS copper is near its historical HIGH
no reason to bust through 5-6-7$ a lb it never has
NEVER!
look for yourself, before you listen to someone elses prediction
Besides let be real why does any one think the federal govt would allow copper to be melted?
has anyone with the federal govt ever mentioned it ? any press release?
does anyone have inside federal connections ?
or is it all internet talk " they might lift the ban one day "that gets spread from website to website
copper is very abundant , but when you listen to a hedge fund manager and internet jargon its gonna be the next silver.
I even read copper was gonna shot through 20$ a lb
give me a break.
so the reality
COPPER GOES UP COPPER GOES DOWN
PAST CHARTS HISTORCAL DATA SHOWS COPPER wont get much higher then it already is.
End of day .
I'll bet anyone, that copper a ban melting cents will not be lifted within 3 years and copper will not go over 6$ a lb with in the next three years.
Lets bet $ 100.00
Anyone interested in the bet can join . I'll write it down and check this thread in 3 yearss
if my statement was correct i'll pay the person 100$ if not correct they will pay me $100
I have historical data, copper supply stats, copper discoveres, new technology to mine copper on my side.
Id advise anyone thinking a melt will be lifted and copper is gonna soar n the next three years over 6$ alb do some research before they risk losing $100
|
|
Pillar of the Community
United States
958 Posts |
100$ to anyone if the ban is lifted in 3 years OR copper GOES OVER $ 6 A LB.
If you bet and the copper ban is not lifted or does not reach $6 lb in 3 years I get $100
simple as that .
Anyone that wants to do this bet is open to dec 25th 2010 to make the bet with me.
I am willing to put my money on my reasoning ( you guys call it rambling I call it stats,historical data,technologyy in copper mining )why it will not be lifted and not reach $6 a lb
are you willing to put money on yours ?
So lets put aside the " hedge fund managers " predictions and go with WHAT YOU THINK WILL HAPPEN
based on what ever reasoning maybe.
All I want to ask is one simple question to anyone willing to put there money where their mouth is
What benifit is it to the US govt to lift a ban melting billions if not trillions of copper cents
when the cents will have to be replaced costing the federal govt 3-4 cents each manufacturing and distribustion cost?.........
whats the benifit to the us govt ?
think it about it... any benifit ? any at all ?
|
|
Pillar of the Community
United States
3592 Posts |
coppercoins said it best...but it fell on deaf ears...so I'll go with my second motive.
|
|
Pillar of the Community
United States
2049 Posts |
Coppertop...you're trying awfully hard to make your points but I will be honest and say that I stopped reading your posts. If people want to hoard copper, so be it. What do they lose and why is it your business to tell people what to do with their disposable income?
|
|
Pillar of the Community
United States
958 Posts |
What the us mint has to say
when someone asked why they passed the ban .
"The nation needs its coinage for commerce," U.S. Mint director Ed Moy said in a statement. "We don't want to see our pennies and nickels melted down so a few individuals can take advantage of the American taxpayer. Replacing these coins would be an enormous cost to taxpayers."
that sums it up ,the ban was put into effect in 2006 for a reason.
|
| |
Replies: 31 / Views: 4,559 |
First Page
Posted 12/11/2010 8:18 pm
