[BC] copper to the moon Alice!

[Phil Alexander]

On 14 Jun 2006 at 18:39, Kevin C. Kidd, CSRE wrote:

> 
> To da moon...

> Current copper prices are speculation driven.  When prices 
> started going up, suppliers bought inventory _speculating_ 
> that copper was going up. Correctly so. Metals 
> _speculators_ saw the tremendous demand increase and 
> started buying futures/options etc.  And the demand 
> increased.
> 
> Repeat as often as possible.
> 
> Hurricanes, most of the US scrap going to the far east and 
> some US mills shutting down certain products hastened the 
> effect.
 
I don't know how much truth there is to it, but one thing
that might have been a factor was supposedly a Chinese
order for acres and acres of sheet copper for roofing their 
entire Olympic facilities. Seems a little farfetched to me,
but it was rumored to be a huge quantity. Of course as
China's industry grows larger plants the electrical 
infrastructure of the whole country must expand and that
probably will put a heavier load on world supplies.


---------------------------------------------
Phil Alexander, CSRE, AMD
Broadcast Engineering Services and Technology 
(a Div. of Advanced Parts Corporation) 
Ph. (317) 335-2065   FAX (317) 335-9037





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