whatta' ya'll make of this??
One Event Will Send Copper Soaring In 2013
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whatta' ya'll make of this??
One Event Will Send Copper Soaring In 2013
Meh...cant believe everything you read..im not familiar with the source..may be a hoax to draw investors..anything could happen..whats astronomically high??? $10 lb..who knows???
I keep a "savings account" of copper on hand, so I would be elated to see a huge jump..still take in on occasion for the cash though..a huge jump in copper could result in other economical issues, as stated..
well it looks like a "pump & dump" but when you get down to the pitch -- usually a bogus mining stock -- it's about SCCO, which has been a terrific stock, I've personally bought & sold over the past few years. They were one of the better dividend stocks, but that dropped a bit recently as they took on some debt. I sold my position in January because of a threatened strike. SCCO got through that, but has other issues and the general consensus is that it's overpriced right now. So, in short, Money Morning's recommendation to buy SCCO -- and no other copper stocks listed -- at this time is quite puzzling. So I would take that whole report with a grain of salt. But who knows.
I did hear that about a year ago to go to 10lb but it never happen.
I dont have the stock analytical skills as some of you on here, plus I do not know the commodities market very well. But I do like to take the Eddie Murphy "Trading Places" pork bellies approach at times. If you look at a lot of the indicators you find in headlines, it would suggest the price of copper is going to go up. To me, these include: cost of mining is going up, especially with strict EPA controls here and fuel costs staying high; growing education of environmental impact of mining (real or perceived) almost to a religous ferver; increased use by China of raw materials; efficiency of recycling existing copper as opposed to mining; etc., etc.
Not an exact science by any measure, just an eyeball test of the market.
you have to study history back to the war between England and France and the battle of Waterloo to understand J.P. Morgan and Paul Warburg and the Banksters of today. but I will give you 2 hints. there is a very good reason the character on the Monopoly box looks exactly like J.P. Morgan and Daddy Warbucks from little Orphan Anney looks exactly like Paul Warburg. I know I'M going to get slammed for this post. but that is your problem and not mine.
We play monopoly for fun, the 12 world banksters play it for real, but the winner is still the same, the one who ends up with it all. Read the book the Creature from Jeckile Island.
Dont know why anyone would slam you, as your words are spot-on. It is true that there are very high powered people in this world that control the ebbs and flows of our economy. My goal is to not worry about them and make the best out of the opportunities provided in my corner of the world. My first goal is to provide for my family the basic needs of food/clothing/shelter. Next is the need to save for future events such as school, retirement, etc. Following that is my play money for toys, trips, etc. Somewhere in there is my charitable giving in the form of $ or time or sweat. Accepting the fact that I cant control the global monetary system takes a burden off of me so that I can concentrate on those things that are under my control. I wish things were different, but changing 6k years of human behaviour is not going to happen in my lifetime. Without going into a religous debate, I am comforted that knowing my treasure is not to be found here in this lifetime.Quote:
Originally Posted by olddude
you are correct, thats all we can do for now. posted a family creed that goes back 900 years that applies even in today's world,
Well said, Shendog. Well said. :)Quote:
Originally Posted by shendog
Amen!! Shendog, you are right on the money.