Page 1 of 1

Copper all time high at risk this week (4.50! broke)

PostPosted: Mon Jan 31, 2011 3:15 pm
by Finder
I think we are going to break that 4.50 soon.

"The most actively traded contract, for March delivery, was recently up 5.25 cents, or 1.2%, at $4.4255 a pound on the Comex division of the New York Mercantile Exchange. The contract's intraday high of $4.4380 puts it just 1.3% from the metal's record intraday peak of $4.4980, hit earlier this month.

http://news.tradingcharts.com/futures/9 ... 04599.html

also:

Jan 31, 2011 (Dow Jones Commodities News via Comtex) --

Hussey metal value effective with today's shipments for the
producer price of copper:

Jan 31:
Copper Price 4.5810

Jan 28:
Copper Price 4.5810


-By Kathy Lang, Dow Jones Newswires; 913-322-5172
csstat@dowjones.com

(END) Dow Jones Newswires

01-31-11 1437ET

Re: Copper all time high at risk this week

PostPosted: Tue Feb 01, 2011 7:21 am
by Finder
4.46 this morning on Kitco, thats the highest Ive actually seen it.

Its fun to thing of the value of your hoard, while just sitting there, growing in value.

Re: Copper all time high at risk this week

PostPosted: Tue Feb 01, 2011 10:26 am
by NDFarmer
You would think with copper being at an all time high we would be getting a lot more for our pennies than we are. It seems like there are more sellers on feebay all the time. I think the market is overdone with sellers. But that will probably always be the case because there is so much copper around.

Re: Copper all time high at risk this week

PostPosted: Tue Feb 01, 2011 11:00 am
by Finder
As soon as anything sells on ebay everyone else is on it like flies on a turd.

Ladies and Gentlemen we just broke $4.50!!

Weeeeeeeeeeeee!

That cant hurt us.

Re: Copper all time high at risk this week (4.50! broke)

PostPosted: Tue Feb 01, 2011 11:05 am
by harley1
i don't think it hurts one bit....my SCCO is looking good :D

Re: Copper all time high at risk this week (4.50! broke)

PostPosted: Tue Feb 01, 2011 11:09 am
by Finder
FCX is looking good also, but I dont own any. :(

Re: Copper all time high at risk this week (4.50! broke)

PostPosted: Tue Feb 01, 2011 11:18 am
by harley1

Re: Copper all time high at risk this week (4.50! broke)

PostPosted: Tue Feb 01, 2011 4:48 pm
by Finder
$4.50! wooohooo!

Image

Re: Copper all time high at risk this week (4.50! broke)

PostPosted: Wed Feb 02, 2011 11:34 am
by Finder
That 4.50 is holding up good. Let it be the new support.