Copper Gapping Up

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Copper Gapping Up

Postby Mauserman » Mon Dec 26, 2011 6:19 pm

Shot up 3.78% at the open it looks like, while other metals are flat. I guess the economy just got a lot better. :lol:

I thought it strange.
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Re: Copper Gapping Up

Postby Mauserman » Mon Dec 26, 2011 7:08 pm

Upon inspection, I think it's my Kitco app not working properly -holidays maybe. Disregard this.
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Re: Copper Gapping Up

Postby Ecotic » Mon Dec 26, 2011 7:10 pm

The holiday season was pretty robust this year, it looks like the U.S. is showing signs of strength and emerging economies are plugging along. Europe and China are experiencing difficulty, but it looks like the world economy as a whole is looking up. Could be good times ahead for copper.
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Re: Copper Gapping Up

Postby ed_vantage17 » Mon Dec 26, 2011 7:45 pm

Not sure how base metals preform, but historically stocks and PM see a dip the first few weeks of a new year.
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
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