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What do you guys think the price of copper will do in the winter months? #2 is good right now at $3.10. Should I hold out and sell later or sell it now? I dont need the money I am just wondering what you guys think I should do. It always seems like I get a better price if I take in over 200 pounds at a time right now I have close to if not more than that. And what is everybody else getting for #2 copper?
To each his own but I move product constantly and hope the law of averages works in my favor.
I take stuff in when I am out of space. Whatever they pay is what I get. I really don't have the room to play the hoarding game.
Bill
You will not see copper go much higher than it is now. Perhaps a few cents either way but that freakshow we had a couple weeks ago was just that...a freakshow. There is nothing in the market that would indicate copper rising much more. I'm sorry to say it but we are in a funk for awhile.
I give my wife alot of the smaller copper pieces from low grade boards etc..........She has like 4 five gallon buckets full of it.....LOL.........Me I just turn it in like once or twice a week
personally i sell when my buckets get full.
many people buy and hold onto commodities, such as gold and silver. why not hold onto copper as a commodity?
I used to hold but the market can burn you badly and so now I process and sell. Nothing stays in inventory longer than 48 hours. Sometimes I lose a nickle and sometimes I make a nickle. In the end though I seem to come out ahead doing that.
Agreed. Same thing here. Not to mention that I can't predict the market. At least not this year. I used to hold longer than I do now because the nearest nonferous yard was a 33 mile round trip. I now have one just a mile from the house so I take stuff in on a regular basis.Quote:
Originally Posted by mrbillbus
Copper is going to be trending lower with anemic demand right now. Two or three weeks ago was just what HVP was talking about a freak incident.
If ya dont need the money why ask?
I ask because the first response would be "If you need money sell now"Quote:
Originally Posted by sjones99
I'm saving all mine. Don't need the cash right now. Heard price will peak in Dec. There's a lot of talk about china's economic boom slowing down. Too many things could also happen to bring prices up. I got my copper for free so whats there to lose?
don't think much is going to happen before the election. after it could be katy bar the door either way. the world economy still depends on us buying their crap.