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Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

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  • Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

    FYI,
    Copper is going to go through the roof today. Our dollar value has dropped due to the New Federal Government Stimulus Plan. The Copper mills are saying a significant copper increase will be implemented tonight.
    The comex is going to go over 4 today.
    Attached is a article from Bloomberg News:
    http://www.businessweek.com/news/2010-11-04/copper-rises-to-28-month-high-as-dollar-tumbles-on-fed-stimulus.html

  • #2
    Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

    Wonder what that is going to do for scrap prices? #1 , #2 , brass
    ''Beer is proof that God loves us and wants us to be happy" Benjamin Franklin

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    • #3
      Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

      It floats all boats!

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      • #4
        Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

        There will probably be a lot of busy plumbers and electricians replacing all the stolen copper.

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        • #5
          Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

          Originally posted by bml View Post
          There will probably be a lot of busy plumbers and electricians replacing all the stolen copper.
          Yes with good old PEX

          Tony

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          • #6
            Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

            Guess I'm going to go stock up on some copper in the am.
            Time flies like an arrow.

            Fruit flies like a banana.

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            • #7
              Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

              I cashed in 400.00 worth of scrap #1 scrap copper,#2 scrap copper and yellow brass.

              yellow brass: 2.15 lb
              #2 coppa: 3.50 lb
              #1 coppa: 3.75 lb

              I just chopped up 60' of 3/4 med gas pipe type k and 60' of 3/8 med gas type k. All brand new pipe but old. I had no real use for it. I'm taking that to the scrapper on tues.

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              • #8
                Re: Copper rises to 28-month high as dollar tumbles on federal gov't stimulus

                Originally posted by OLD1 View Post
                Wonder what that is going to do for scrap prices? #1 , #2 , brass
                Scrapped this out a week ago. Easiest scrapout I ever did. From the crane to the flatbed who took it to the scrapyard. They disassembled the old chiller removed the copper and the SS rotor. 142 pounds of copper in the motor's stator. The rest was just steel.
                Attached Files
                Time flies like an arrow.

                Fruit flies like a banana.

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