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#1
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Why is copper going up so high?
I was wondering if anybody knew why the price of copper is going so
high? Joe PS VISIT MY GROUP! The Coin Collecting GoogleGroup for Teens and Young Adults! THIS IS A BRAND NEW GROUP MADE FOR TRADING, SELLING, BUYING, POSTING ADS, AND ASKING QUESTIONS. I MYSELF AM INTERESTED IN BUYING. (IF MORE PEOPLE WANT TO JOIN BESIDES TEENS, I'LL CHANGE IT TO BECOME FOR EVERYONE.) PLEASE JOIN! THANKS |
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#2
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Why is copper going up so high?
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#3
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Why is copper going up so high?
"Dave Hinz" wrote in message
... On 22 Apr 2007 17:15:43 -0700, wrote: I was wondering if anybody knew why the price of copper is going so high? Supply and demand. Always true. In this instance supported by the erosion in the value of the US dollar on international markets over the last several years. Similar to the price changes in Oil, Silver, Gold, etc... IF |
#4
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Why is copper going up so high?
Hi Joe,
Both Dave and Lagos are correct. It's your basic supply and demand situation, with a huge impact coming from China. Their economy is growing so fast, that they're using a lot of copper - and iron, oil, NICKEL, etc. Also, since 2002 we've been in a bull market in natural resoucres including precious metals and commodities. Historically these things can last up to 15 years or so which would imply that you 'ain't seen nothin yet'. The reason why these bull markets last so long is partly due to the enormous lag between the price of copper going up and new copper production being brought online [read: explore, find, mine, smelt, refine, and build what's not in place,etc.] In addition, many of the Central Banks around the world have been flooding the place with cheap fiat currency led by the US. This has made all this currency worth less in relative terms than 'real stuff''. Real stuff being hard assets - like gold, silver, copper, nickel, wheat, corn, real estate, etc. And, as mentioned, the US is running two huge deficits - budget and trade (balance of payments) which have combined to make our dollar worth less around the world relative to other currencies AND real stuff. Ergo, copper has gone up in price and will continue to go up over at least another 10 years. peace, rono On Apr 22, 8:15 pm, " wrote: I was wondering if anybody knew why the price of copper is going so high? Joe PS VISIT MY GROUP! The Coin Collecting GoogleGroup for Teens and Young Adults! THIS IS A BRAND NEW GROUP MADE FOR TRADING, SELLING, BUYING, POSTING ADS, AND ASKING QUESTIONS. I MYSELF AM INTERESTED IN BUYING. (IF MORE PEOPLE WANT TO JOIN BESIDES TEENS, I'LL CHANGE IT TO BECOME FOR EVERYONE.) PLEASE JOIN! THANKS |
#5
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Why is copper going up so high?
On 23 Apr 2007 00:43:12 GMT, Dave Hinz wrote:
On 22 Apr 2007 17:15:43 -0700, wrote: I was wondering if anybody knew why the price of copper is going so high? Supply and demand. Take a course in macroecenomics. PS VISIT MY GROUP! The Coin Collecting GoogleGroup for Teens and Young Adults! THIS IS A BRAND NEW GROUP MADE FOR TRADING, SELLING, BUYING, Joe, your enthusiasm is good, but STOP SHOUTING AT US, IT IS VERY RUDE. Is there any way he could be as rude as you? Reclining Buddha The Original Couch Potato! |
#6
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Why is copper going up so high?
Besides the aforementioned booming economy in China, don't forget
India. Between these 2 countries, the demand for non-ferrous metals has been extremely high. In the case of India, silver, and particularly gold, have always had high demand, causing local prices to be much higher than on other international markets. |
#7
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Why is copper going up so high?
"Iagos Fool" wrote in message news "Dave Hinz" wrote in message ... On 22 Apr 2007 17:15:43 -0700, wrote: I was wondering if anybody knew why the price of copper is going so high? Supply and demand. Always true. In this instance supported by the erosion in the value of the US dollar on international markets over the last several years. Similar to the price changes in Oil, Silver, Gold, etc... IF I find myself wondering whether it is always true. Suppose the supply and demand were to remain the same but the currency loses value due to spend and spend policies, i.e. waging a war without protecting the currency simply by printing more money and leaving the debt to future generations. Gee. I sound a bit like a conservative criticizing liberals. :-) Aram. |
#8
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Why is copper going up so high?
On Mon, 23 Apr 2007 10:03:11 -0400, Reclining Buddha wrote:
On 23 Apr 2007 00:43:12 GMT, Dave Hinz wrote: On 22 Apr 2007 17:15:43 -0700, wrote: PS VISIT MY GROUP! The Coin Collecting GoogleGroup for Teens and Young Adults! THIS IS A BRAND NEW GROUP MADE FOR TRADING, SELLING, BUYING, Joe, your enthusiasm is good, but STOP SHOUTING AT US, IT IS VERY RUDE. Is there any way he could be as rude as you? He, unlike you, seems to be interested in participating here. What _is_ your goal of hanging out here, by the way? |
#9
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Why is copper going up so high?
On Apr 23, 7:03 am, Reclining Buddha wrote:
On 23 Apr 2007 00:43:12 GMT, Dave Hinz wrote: On 22 Apr 2007 17:15:43 -0700, wrote: I was wondering if anybody knew why the price of copper is going so high? Supply and demand. Take a course in macroecenomics. PS VISIT MY GROUP! The Coin Collecting GoogleGroup for Teens and Young Adults! THIS IS A BRAND NEW GROUP MADE FOR TRADING, SELLING, BUYING, Joe, your enthusiasm is good, but STOP SHOUTING AT US, IT IS VERY RUDE. Is there any way he could be as rude as you? Reclining Buddha The Original Couch Potato! What's that supposed to mean? |
#10
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Why is copper going up so high?
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