Copper pricing - article from Free Republic tonight

Discussion in 'Reloading' started by cqb451, Feb 6, 2010.

  1. cqb451

    cqb451

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    OK reloaders......speculation on where the cost of bullets may go????????

    Falling Copper Prices: The Doctor Is Out
    The Daily Reckoning ^ | 2-5-2010 | Bill Bonne
    Falling Copper Prices: The Doctor Is Out

    By Bill Bonner

    02/05/10 Baltimore, Maryland – The bust in the economy ain’t so bad either. Credit default swap spreads are widening. Bond yields are rising…especially in Europe.

    The service sector in the US is performing below expectations.

    Oh…and listen to this:

    “More weigh walking away from mortgages,” says The New York Times. As anticipated, people are warming up to the idea of stiffing their mortgage lenders. Why not? Millions of houses are underwater; let the mortgage company deal with them.

    Delinquent mortgage payments have risen to over 10%.

    The Baltic Dry Index is dropping, too.

    And Dr. Copper is ‘set for catastrophe,’ says a copper expert.

    Copper, you’ll recall, is the metal with a Ph.D. in economics. It’s the metal that you find in home wiring, refrigerators, offices, automobiles, cell phones – just about everything. So, when the price of copper goes down it means something. Usually, it means business is slowing down.

    Copper has fallen more than 10% in 2010. It will probably go down a lot further. Chinese companies stockpiled the metal last year, causing its price to double. Now, they’ve got more than enough.

    And if the world economy is still slowing down, which is what the Baltic Dry Index is probably telling us, you can expect the price of copper to collapse.

    Stay tuned.
     
  2. fredj338

    fredj338

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    Maybe but the world economy isn't doing as poorly as we are right now. Copper is still going to be sought out by the ever grwoing CHinese. As long as the manuf are selling ammo to the govt. we won't be seeing cheaper component pricing anytime soon. Remember alos, most manuf are locking in ricing as it goes up. They'll have to use their supplies up before buying cheaper copper on the way down.
     

  3. WiskyT

    WiskyT Malcontent

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    Generally speaking, I think we are going to get inflation on everything due to high interest rates and stagnation of growth resulting in high unemployment. I base this on my own general pessimism and expertise having lived through the 1970's.

    We have jimmie cattah for President again and we will be living the same nightmare again.
     
  4. G-30Jet

    G-30Jet

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    The metals market tanked in the early/mid part of 2009. It did not effect the cost of ammo one little bit. China bought a lot of our scrap pre and post olympics era. Tourism fell sharply shortly after the olympics and local chinese economies felt the pain.

    Later, Metals rose a little but hoarding components was fully underway and already expensive even though metals had previously bottomed. If you were a manufacturer during this time, you may have made a profit.
     
  5. fredj338

    fredj338

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    Yeah, unfortunately, I remember the lame carter years too. 20% mortgage rates! When PBO is done, he'll make Carter look Reaganesc!:steamed: I think people are finally catching on though. This will be the worst president in our history. The punctuation mark will be a serious T attack on our soil that makes 911 pale. I hope it doesn't happen but the way he & his crew are running things; duck & cover baby. Holder & Napoleatano (sp) are pretty much useless.:upeyes: