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Copper dropped $1.44? See Kitco (glitch)

PostPosted: Wed Jan 19, 2011 8:06 am
by Finder

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 8:26 am
by aloneibreak
gotta be a glitch...

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 8:55 am
by CU Baker
copper is at $4.43 up .00080 on CNBC right now so it must be a glitch

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 9:25 am
by csb3tennessee
2nd time this has happened in the last couple of months- it'll sure get your attention

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 9:26 am
by 68Camaro
Look at another source, for example: http://www.metalprices.com/

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 9:30 am
by Finder
Thanks guys, I was about to jump off a bridge.

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 10:49 am
by Finder
Kitco showing correct spot now. ($4.37)

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 1:55 pm
by aloneibreak
Finder wrote:Thanks guys, I was about to jump off a bridge.



lol

you must have WAY more tied up in copper than i do... :D

Re: Copper dropped $1.44? See Kitco

PostPosted: Wed Jan 19, 2011 2:07 pm
by Finder
kidding..

Ive only got about 200FV on hand, about 40 copper oz rounds, plus a copper scrap hoard im working on...its about 40lbs.

hmmm..so all my copper weighs about 177 lbs tops lol. Some here probably have that much zinc waiting to be dumped...

177 lb...Thats $770 melt, minus the 25% imaginary drop (the kitco glitch) would make it $579 melt.

I bet the big timers were sweating it if they believed Kitco.

$4.50 is the next major resistance. $4.43+ the new all time high set today.

Re: Copper dropped $1.44? See Kitco

PostPosted: Thu Jan 20, 2011 2:16 am
by west77
If it were silver I would believe that there was a 30% drop in one day... copper always seems a little more stable without all of the large players taking out positions "just for the heck of it." The daily swings do not seem quite as insane.

Re: Copper dropped $1.44? See Kitco

PostPosted: Thu Jan 20, 2011 3:17 pm
by Finder
I agree and was arguing that very point with my silver hoarding coworker this morning.

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