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Copper dropped $1.44? See Kitco (glitch)

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Copper dropped $1.44? See Kitco (glitch)

Postby Finder » Wed Jan 19, 2011 8:06 am

http://www.kitcometals.com/charts/coppe ... large.html

:o
Last edited by Finder on Fri Jan 21, 2011 1:38 pm, edited 1 time in total.
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Re: Copper dropped $1.44? See Kitco

Postby aloneibreak » Wed Jan 19, 2011 8:26 am

gotta be a glitch...
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Re: Copper dropped $1.44? See Kitco

Postby CU Baker » Wed Jan 19, 2011 8:55 am

copper is at $4.43 up .00080 on CNBC right now so it must be a glitch
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Re: Copper dropped $1.44? See Kitco

Postby csb3tennessee » Wed Jan 19, 2011 9:25 am

2nd time this has happened in the last couple of months- it'll sure get your attention
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Re: Copper dropped $1.44? See Kitco

Postby 68Camaro » Wed Jan 19, 2011 9:26 am

Look at another source, for example: http://www.metalprices.com/
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Re: Copper dropped $1.44? See Kitco

Postby Finder » Wed Jan 19, 2011 9:30 am

Thanks guys, I was about to jump off a bridge.
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Re: Copper dropped $1.44? See Kitco

Postby Finder » Wed Jan 19, 2011 10:49 am

Kitco showing correct spot now. ($4.37)
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Re: Copper dropped $1.44? See Kitco

Postby aloneibreak » Wed Jan 19, 2011 1:55 pm

Finder wrote:Thanks guys, I was about to jump off a bridge.



lol

you must have WAY more tied up in copper than i do... :D
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Re: Copper dropped $1.44? See Kitco

Postby Finder » Wed Jan 19, 2011 2:07 pm

kidding..

Ive only got about 200FV on hand, about 40 copper oz rounds, plus a copper scrap hoard im working on...its about 40lbs.

hmmm..so all my copper weighs about 177 lbs tops lol. Some here probably have that much zinc waiting to be dumped...

177 lb...Thats $770 melt, minus the 25% imaginary drop (the kitco glitch) would make it $579 melt.

I bet the big timers were sweating it if they believed Kitco.

$4.50 is the next major resistance. $4.43+ the new all time high set today.
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Re: Copper dropped $1.44? See Kitco

Postby west77 » Thu Jan 20, 2011 2:16 am

If it were silver I would believe that there was a 30% drop in one day... copper always seems a little more stable without all of the large players taking out positions "just for the heck of it." The daily swings do not seem quite as insane.
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Re: Copper dropped $1.44? See Kitco

Postby Finder » Thu Jan 20, 2011 3:17 pm

I agree and was arguing that very point with my silver hoarding coworker this morning.

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