$5 a pound copper this year?

[PennyPauper]

Post your thoughts and comments or research if you would like to share.
Many analysts see a 18% gain by years end,taking the metal over the $5/lb mark.
It would take the copper metal value of US pre 82 cents to .0325,not counting the zinc value.
Could we soon see $100 copper lots selling over 2x face value,or more,as the norm?
With the dollar continuing to slip,and other commodities prices rising out of reach of average investors,does copper become a safe haven,along side gold and silver?

[hobo finds]

Yes it will, but which will happen first 5$ gas or 5$ CU?

[dakota1955]

If most people think copper will go over 5 why then are we selling now?

[Tourney64]

Copper is an industrial metal. Worldwide economic turmoil will hurt copper prices.

[John_doe]

Copper is an industrial metal. Worldwide economic turmoil will hurt copper prices.

Not evryone is hurting right now, some countries are thriving. Most are not, but china alone is consuming more copper than the world produces.

[pennypicker]

[/quote] china alone is consuming more copper than the world produces.[/quote]

On the other hand China is raising interest rates to slow down their economy. Because of this some economists think copper will fall in value this year.

[PennyPauper]

What about Japan's needs for rebuilding?

[Morsecode]

It's only another 10% move to $5. It could get there easily enough. Maintaining, maybe not.

If there is any formal announcement for the discontinuation of minting them, I could see cents selling 3x for a while regardless of spot copper (unless it completely tanks) if for no other reason than mass hysteria.

[Lemon Thrower]

i'm not super bullish on the base metals like i am for the pm's. but $5 is only 10% away. we will see that much of an increase in the general commodities index alone, and a similar decrease in the value of the dollar is not unlikely. so $5 is possible but i dont' see copper going to the moon like silver will.