Copper Futures Breaking out of Long Down Trend

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Joker Poker
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Copper Futures Breaking out of Long Down Trend

Post by Joker Poker » Thu Jul 03, 2014 9:11 am

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The implications for the mining sector are highly significant.
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Re: Copper Futures Breaking out of Long Down Trend

Post by OrangeDragon » Thu Jul 03, 2014 10:23 am

lets just hope they don't go stupid high again... it would suck if thieves here figured out they could make really good cash on stealing the pipe that connects AC units on the outside of houses.
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Re: Copper Futures Breaking out of Long Down Trend

Post by Joker Poker » Thu Jul 03, 2014 1:08 pm

Ha, not just here. It got rampant back in Oz too. Thieves were stripping the copper water pipes at construction sites at night time just hours after they were installed.
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Re: Copper Futures Breaking out of Long Down Trend

Post by OrangeDragon » Thu Jul 03, 2014 2:28 pm

Joker Poker wrote:Ha, not just here. It got rampant back in Oz too. Thieves were stripping the copper water pipes at construction sites at night time just hours after they were installed.
yeah, same in the US. a lot of our old historic buildings had copper rain gutters on them... "had"...
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Re: Copper Futures Breaking out of Long Down Trend

Post by Joker Poker » Thu Jul 03, 2014 3:22 pm

Scrap metal can be pretty lucrative, I'm talking honest stuff.

I lived in a really remote part of Central Oz for a few years and started to collect scrap on the weekends. When I had a trailer load and a long weekend I would do the 1000km round trip to Alice Springs and sell it. Mostly stuff from burnt out discarded cars on bush roads, copper radiators, electrical wiring, alloy rims and catalytic converters, but it was well worth the effort. Got $1800 for one load once.

This kinda stuff:

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Re: Copper Futures Breaking out of Long Down Trend

Post by vladimir » Sat Jul 05, 2014 5:49 pm

Good news for Zambia!
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Re: Copper Futures Breaking out of Long Down Trend

Post by Soi Dog » Sat Jul 05, 2014 6:09 pm

OrangeDragon wrote:
Joker Poker wrote:Ha, not just here. It got rampant back in Oz too. Thieves were stripping the copper water pipes at construction sites at night time just hours after they were installed.
yeah, same in the US. a lot of our old historic buildings had copper rain gutters on them... "had"...
In Thailand they were stealing manhole covers from the middle of the streets and guard rails from along the highways.

I hope if copper is going up that silver is going up in value also. I bought a bunch last year and it's been a dog of an investment so far.
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Re: Copper Futures Breaking out of Long Down Trend

Post by Joker Poker » Sun Jul 06, 2014 10:43 am

Silver has had 4 consecutive weeks up now and has pushed through its long down trend.

It needs to form a support base now and things could be good.
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Re: Copper Futures Breaking out of Long Down Trend

Post by vladimir » Sun Jul 06, 2014 11:54 am

Excuse my trading ignorance, but if I had money, I'd buy precious minerals. Only so much around, always in demand, and demand has to increase. Kind of no-brainer. Buy. Sit. Cash in.
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Re: Copper Futures Breaking out of Long Down Trend

Post by frank lee bent » Sun Jul 06, 2014 12:36 pm

commodity chartists call it "doctor copper" due to it's apparent long term mediating behaviour.
of course, it is not really influencing the other metals- it is just not as volatile, and is cheap to recycle back into manufacturing.
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