Copper is Flying Today!

[Recyclersteve]

My initial post on July 25th said "Per Kitcometals.com, copper is currently $2.81, up a whopping 3.42%."

Today, October 16th, I am adding "Per Kitcometals.com, copper is currently $3.22, up a whopping 3.83%."

I do remember a long-time former friend whom I greatly respected saying that one of his favorite plays was to buy something that broke out and pulled back to roughly the point of the breakout. This would have been a great play for copper recently!

[hobo finds]

My initial post on July 25th said "Per Kitcometals.com, copper is currently $2.81, up a whopping 3.42%."

Today, October 16th, I am adding "Per Kitcometals.com, copper is currently $3.22, up a whopping 3.83%."

I do remember a long-time former friend whom I greatly respected saying that one of his favorite plays was to buy something that broke out and pulled back to roughly the point of the breakout. This would have been a great play for copper recently!

That's a big jump today. I wonder what copper mining stocks are doing

[hobo finds]

up $.1164

http://www.kitcometals.com/charts/Copper.html

[hobo finds]

down $.04 so far today...

[everything]

Copper is flying high, big time renewed interest in Pebble mine, which appears that it will be going forward, decimating the last biggest salmon run on the planet! To think, the way they discovered that mother lode is they were flying over the area and someone saw red color in a bare dirt spot.

[Recyclersteve]

This is Northern Dynasty (Ticker: NAK). I visited their HQ in Vancouver, BC this past summer. It will likely be another few years for the permitting process to occur and yet another few years after that before they take anything out of the ground. I remember trading this stock back around 2007 and again recently.

Don't overreact to the hype. Yes, it will eventually be a huge mine, but they could be bought out before production begins. A small company like this doesn't typically have the resources to bring a huge mine to production. And it could be at least a few years before things get really interesting in terms of someone buying the company. (JMHO)

I could be wrong- please do your own research on this before committing capital one way or another.

[68Camaro]

I don't look this up often, but with zinc also up, we're now at a point where the zincoln is worth a higher fraction of face than the US 5 cent Cu/Ni. Even us old farts may indeed live to see the time when zinc cents are worth more than face.

The broader general population is starting to avoid use of change period, much less cents. When minimum wage cashiers round your change up to avoid having to make change in cents you know that the cent has lost all respect. Between the cost of production and the loss of interest in it, eventually - and I believe I will live to see it - the cent will be phased out, and at that point the melt ban will be lifted.

[Bigjohn]

What are people paying for bulk common date wheats now days?

[Recyclersteve]

What are people paying for bulk common date wheats now days?

What do you consider "bulk", 5 lbs.? 5,000 lbs.? The price you get will likely depend on how much to have to sell. Also, since freight is a significant % of the value of the coins, it would help to know what part of the country you are in.

For what it is worth, I know of someone (not me) who pays $1.50/roll for mixed wheats. He pays more for mixed date rolls in the teens ($7), twenties ($3.50) and thirties ($2) and also for steel cents with no rust ($4.50).

But you will have to pay freight to ship cross country to him and he might have a minimum number of rolls (not sure what it is) that is more than you have available to sell.

[Bigjohn]

What are people paying for bulk common date wheats now days?

What do you consider "bulk", 5 lbs.? 5,000 lbs.? The price you get will likely depend on how much to have to sell. Also, since freight is a significant % of the value of the coins, it would help to know what part of the country you are in.

For what it is worth, I know of someone (not me) who pays $1.50/roll for mixed wheats. He pays more for mixed date rolls in the teens ($7), twenties ($3.50) and thirties ($2) and also for steel cents with no rust ($4.50).

But you will have to pay freight to ship cross country to him and he might have a minimum number of rolls (not sure what it is) that is more than you have available to sell.

Thanks, that helps. I have about $80 FV, mostly 40/50’s. Figured 3x at best

EDIT: meant to say $800 FV, missed a 0