Any predictions on copper in the next few weeks? Looks like we were moving up a little but then dropped back down. Ive got a couple hundred pounds of #1 pipe to unload to fund a purchase.
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Any predictions on copper in the next few weeks? Looks like we were moving up a little but then dropped back down. Ive got a couple hundred pounds of #1 pipe to unload to fund a purchase.
The spot price seems to be always hovering around $340's. I think China's economy drives copper more than ours. They are in their little slow down still, but their market (hang seng) is climbing on speculation of improving china economy. So, the question is how far ahead of the pack are the speculaters? I don't know, if I did, I wouldn't need to scrap stuff for money...Good Luck!
If u need that cash to invest in a purchase, i would turn it in asap n look forward to making a return on that..some say it will go up in the fall, but who knows for sure..ive got close to 1000 lbs myself between my place n my parents..kinda like a savings account wout the interest..or possibly a great return when i decide to sell..if i needed the money, its always there