But what about copper ?

[oldtime]

Quote from syswizard:

But it's not "real" .....yet : Wages must also start to rise...but they have been flat for years now.
Unless that occurs, we are NOT in an inflationary environment that is sustainable.

that's cool, I've been after the boss to give me a raise for years. He says he will do it when inflation kicks in.

Plus, a couple of times he has gotten shitty with me and threatened to cut it due to deflation.

My only hope is that Ben will print a lot of money and I will finally get my raise.

It's been a long time coming, and everytime I talk to the Federal Reserve they say it is not on the horizon.

Plus, now the price of bacon is going down because everybody is slaughtering their hogs because they can't afford to feed them because of the drought. But that doesn't help me, because we are Kosher.

 

[syswizard]

Quote from oldtime:


Plus, now the price of bacon is going down because everybody is slaughtering their hogs because they can't afford to feed them because of the drought. But that doesn't help me, because we are Kosher.

Funny !

 

[cdcaveman]

Quote from oldtime:

that's cool, I've been after the boss to give me a raise for years. He says he will do it when inflation kicks in.

Plus, a couple of times he has gotten shitty with me and threatened to cut it due to deflation.

My only hope is that Ben will print a lot of money and I will finally get my raise.

It's been a long time coming, and everytime I talk to the Federal Reserve they say it is not on the horizon.

Plus, now the price of bacon is going down because everybody is slaughtering their hogs because they can't afford to feed them because of the drought. But that doesn't help me, because we are Kosher.

i always know where to come to get a positive spin on things! haha

 

[syswizard]

HGZ2 popped up with Gold at the open.......and then faded all day.
$3.80 looks like formidable resistance for this bad boy. More bad news in construction today....I don't how copper can play bullish in a weak construction market.

 

[Moderate]

theres a big difference between industrial metals and precious metals

 

[syswizard]

Copper and silver track to some degree.

 

[syswizard]

$3.77 close - all rallies above 3.80 have been getting hammered.

 

[piezoe]

Quote from oldtime:

what about a share of IBM. Will it also go up due to inflation?

Yes, but it can also go down due to something other than inflation.

 

[syswizard]

Copper was weak 2 days ago, and now has recovered.
Nice move up to 3.75 level today probably because of news of housing recovery.

 

[syswizard]

Huge move down by this guy on Friday....I believe it hit 3.60.
Anyone short from 3.80 is up $5k/contract !

Articles I've read indicate hedge fund managers still very bullish, mainly due to anticipation of a new Chinese economic boom.

I think that's....bunk. The only thing to hold up this metal is Uncle Benny's helicopter.