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Re: copper is spiking right now, anyone able to unload?

PostPosted: Fri Mar 04, 2022 9:33 am
by willy13
There now seems to be a double push thanks to little joeys weak foreign policy. We had the green energy push driving copper and nickle up. Now we have an increased projected shortages because Russia is a big mining country....

Re: copper is spiking right now, anyone able to unload?

PostPosted: Fri Mar 04, 2022 12:50 pm
by Silver4face
This is true, but we should do some mining ourselves - bank mining! :mrgreen:

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Mar 16, 2022 3:25 pm
by JobIII
No pressure to anyone waiting for copper to moon into the double digits. But I am trying to buy some CTUs. PM me if looking to sell (quantity and asking price).

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Mar 16, 2022 4:29 pm
by Cu Penny Hoarder
JobIII wrote:No pressure to anyone waiting for copper to moon into the double digits. But I am trying to buy some CTUs. PM me if looking to sell (quantity and asking price).

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 10:53 am
by TXSTARFIRE
Whats going on with copper? Today I see it is down $1.17 to $2.39 per lb, thats like 33 pct? Copper cent now only worth 1.59 cents.

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 11:10 am
by Tourney64
From what I have read it’s down due to global recession fears, despite 2 days earlier articles talking about copper shortages.

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 11:12 am
by stas3000
Data feed error or something like that. In the futures market, the price is around $3.65 per pound. Check here for example:
https://www.wsj.com/market-data/quotes/futures/HG00
https://www.marketwatch.com/investing/future/hg00

WSJ and MW probably get data from the same place.

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 11:17 am
by TXSTARFIRE
OK, just a glitch in Coinflations data feed. That makes more sense. Thanks.

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 1:50 pm
by Silver4face
I remember when copper really WAS $2.39 a pound (actually more like $2 even). This was around 8 years ago when gas was cheap and silver was only around $15-$16 per ounce. The last time copper SPIKED was early 2022

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Oct 11, 2023 3:08 pm
by Tourney64
Issue is finally resolved on KITCO - $3.57/lb.

Re: copper is spiking right now, anyone able to unload?

PostPosted: Thu Oct 12, 2023 6:25 am
by Cu Penny Hoarder
Kitco charts suck. Always lots of glitching and bad ticks.

https://finviz.com/futures_charts.ashx?t=HG&p=i15

Re: copper is spiking right now, anyone able to unload?

PostPosted: Wed Nov 22, 2023 2:29 pm
by Recyclersteve
Cu Penny Hoarder wrote:Kitco charts suck. Always lots of glitching and bad ticks.

https://finviz.com/futures_charts.ashx?t=HG&p=i15


Keep in mind that in the stock market one can take advantage of glitches in extended hours. For instance, if I saw a glitch in the price of silver, I’d look to trade the SLV exchange traded (silver) fund.

On days with little activity (like, for instance, Black Friday), I’ve seen lots of these glitches over the years. Be very careful not to have a heart attack on the day after Thanksgiving!