Copper, what the h***..?

Discussion in 'Bullion Investing' started by Mr Roots, Dec 29, 2014.

  1. Mr Roots

    Mr Roots Underneath The Bridge

    Has dropped .92 cents today or around 40%
     
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  3. spazmodic

    spazmodic Member

    There appears to have been flash crash in the metals when the comex opened, that lasted a few minutes. Gold was down $50, as well.
    Seems to have recovered quickly and not reflected in the day ranges.
    Conspiracy theorist is the banksters ran it down quickly so they could cover their shorts much lower.

    Gold and Copper trading back at near normal ranges for the day now.
     
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  4. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    That makes one ounce rounds of copper worth about $.13 each now... Ouch...
     
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  5. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I don't see no plumbers cryin'........
     
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  6. Yankee42

    Yankee42 Well-Known Member

    Guess I'm not going to the scrap yard Saturday.
     
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  7. tommyc03

    tommyc03 Senior Member

    I'm glad I got rid of ten ounces a couple of days ago for $20.00! I've got a truck load of clean aluminum though, wonder where that's at right now.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    It looks to me like somebody at Kitco fat-fingered the price, and nobody's bothered to correct it. If there had really been a 40% drop, I think major financial news services just might have something to say about it. But the only places I see that figure are Kitco and other sites that get their stats from Kitco (like Coinflation).
     
  9. Mr Roots

    Mr Roots Underneath The Bridge

    I guess coinflation.com isn't the best place to get current copper prices.
     
  10. longnine009

    longnine009 Darwin has to eat too. Supporter

    My physical Doge coin is worth 13 cents? That's awsome! Much Doge. The digitals are only worth .0002. :p
     
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