Anyone know why copper has been fluctuating so much?

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Anyone know why copper has been fluctuating so much?

Postby Joogaler » Fri Oct 29, 2010 11:31 pm

It was staying pretty steady for a while there, But as of right now it's down to $3.7078!

Any guesses?
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Re: Anyone know why copper has been fluctuating so much?

Postby AGgressive Metal » Sat Oct 30, 2010 6:46 pm

Everything is volatile right now because of all the "currency wars" taking place.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Anyone know why copper has been fluctuating so much?

Postby Joogaler » Sat Oct 30, 2010 7:15 pm

That's what I was figuring, but silver has been staying pretty steady the last few days. Just seemed strange to me.
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Re: Anyone know why copper has been fluctuating so much?

Postby Lemon Thrower » Sat Oct 30, 2010 7:18 pm

silver is manipulated so the price is fixed within parameters certain days.

copper has more industrial demand so is strongly affected by changes in expectations regarding economic activity. if people think the floodgates are going to open, then a lot of copper will be bought when the floodgates of money is spent.
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Re: Anyone know why copper has been fluctuating so much?

Postby NoCents » Wed Dec 22, 2010 10:43 pm

$3.70 huh?
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Re: Anyone know why copper has been fluctuating so much?

Postby misteroman » Wed Dec 22, 2010 10:53 pm

WOW dropped $.50 in a week?
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Re: Anyone know why copper has been fluctuating so much?

Postby TXBullion » Wed Dec 22, 2010 10:56 pm

Probably someone trying to win that copper bar in the forum contest is working to skew the numbers
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Re: Anyone know why copper has been fluctuating so much?

Postby pennypicker » Thu Dec 23, 2010 12:00 am

Whenever the price of copper drops I simply adopt the perspective that this drop will serve to further postpone the general public from hoarding pennies in mass whereby giving me a better percentage of finds. :D
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Re: Anyone know why copper has been fluctuating so much?

Postby TXBullion » Thu Dec 23, 2010 12:02 am

NoCents wrote:$3.70 huh?


Just realized, this was an older post, hence different price :oops:
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Re: Anyone know why copper has been fluctuating so much?

Postby tinhorn » Thu Dec 23, 2010 6:08 pm

pennypicker wrote:Whenever the price of copper drops I simply adopt the perspective that this drop will serve to further postpone the general public from hoarding pennies in mass whereby giving me a better percentage of finds. :D


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