copper price really down?

**ferrailleur** · 08-16-2011, 10:57 AM

The junkyard where I sell my scrap says the copper prices are down.
Is this true?
How to check the fluctuation of prices. I'm not a Wall Street investor, just a serious scrapper.
Thanks

**Mick** · 08-16-2011, 11:13 AM

All yards are different in pricing, but you can follow trends with the London Metal Exchange (LME). I keep a link to LME on my desktop and monitor it frequently throughout the day.

**easyrecycle** · 08-16-2011, 11:30 AM

Dont know if copper is done but gold SURE is UP UP AND AWAY!!!

<<had invested some money into gold a few days ago...time to jump onto desk and dance!

**Rich** · 08-16-2011, 04:09 PM

Yes it is down, on 7-12-11 I got 3.60/lb for #1 copper. Well yesterday the yard was paying 3.35/lb for #1. Weird thing is the light iron went up from .10/lb to .11/lb.

**sjones99** · 08-16-2011, 06:34 PM

Since the first of last week it has gone down almost 50 cents.

**Dumpster-Dee** · 08-16-2011, 06:37 PM

good for you easy !!! I'd be dancing, too!

**j&jscrap** · 08-17-2011, 09:24 AM

It dropped the day the market went way down last week.

**hobo finds** · 08-17-2011, 01:20 PM

Back over $4.00 a pound on metals market. I think some yards just could not resist and dropped there prices due to the fact that most metals were falling. Even though they are probably locked into a better price for some time.

**dherik** · 08-17-2011, 02:33 PM

I just got 3.00 a pound for #2, #1 copper was 3.10, so yeah it's down a bit here.

**EcoSafe** · 08-18-2011, 05:54 PM

copper and gold prices are generally the oppisit im price movement. gold has investment value, when the market goes down gold usually goes up and copper being a manufacturing item goes down. with the market the way it is now you never know from day to day what will happen to either. I sell what i have when the weight gets to the point of making a trip to the yard. im my opinion hoarding is gambling, let the yards do that, its why they make the big bucks i.e. risk/gain/loss. if the economy totally colapses then copper will be in high demand as a trade good. and will probably take its place back in the monitary system along with gold and silver but because it can be worked easily into tools etc. not qs actual money.