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Anyone know why copper has been fluctuating so much?

PostPosted: Fri Oct 29, 2010 11:31 pm
by Joogaler
It was staying pretty steady for a while there, But as of right now it's down to $3.7078!

Any guesses?

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Sat Oct 30, 2010 6:46 pm
by AGgressive Metal
Everything is volatile right now because of all the "currency wars" taking place.

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Sat Oct 30, 2010 7:15 pm
by Joogaler
That's what I was figuring, but silver has been staying pretty steady the last few days. Just seemed strange to me.

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Sat Oct 30, 2010 7:18 pm
by Lemon Thrower
silver is manipulated so the price is fixed within parameters certain days.

copper has more industrial demand so is strongly affected by changes in expectations regarding economic activity. if people think the floodgates are going to open, then a lot of copper will be bought when the floodgates of money is spent.

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Wed Dec 22, 2010 10:43 pm
by NoCents
$3.70 huh?

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Wed Dec 22, 2010 10:53 pm
by misteroman
WOW dropped $.50 in a week?

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Wed Dec 22, 2010 10:56 pm
by TXBullion
Probably someone trying to win that copper bar in the forum contest is working to skew the numbers

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Thu Dec 23, 2010 12:00 am
by pennypicker
Whenever the price of copper drops I simply adopt the perspective that this drop will serve to further postpone the general public from hoarding pennies in mass whereby giving me a better percentage of finds. :D

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Thu Dec 23, 2010 12:02 am
by TXBullion
NoCents wrote:$3.70 huh?


Just realized, this was an older post, hence different price :oops:

Re: Anyone know why copper has been fluctuating so much?

PostPosted: Thu Dec 23, 2010 6:08 pm
by tinhorn
pennypicker wrote:Whenever the price of copper drops I simply adopt the perspective that this drop will serve to further postpone the general public from hoarding pennies in mass whereby giving me a better percentage of finds. :D


Bingo!