Gary Shilling: Two Things Make Copper A More Reliable Economic Indicator Than Oil
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Gary Shilling: 2 Things Make Copper A More Reliable Economic Indicator Than Oil Sam Ro May 26, 2012There are two commodities that are watched particularly closely for their abilities to predict the direction of the global economy: copper and oil. Economist Gary Shilling is bearish on both. Shilling recently invited Business Insider to his home where he explained to us, among other things, why copper is a more reliable economic indicator than oil. In this segment, he explains. He also explains why he thinks China's economy is headed toward a hard landing.(Click to the site to see a video by... |
We'd Like To Introduce You To Dr. Aluminum
Tuesday 29th of May 2012 06:45:22 PM
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| We'd Like To Introduce You To Dr. Aluminum Sam Ro April 19, 2012, 8:21 PM Copper was given the nickname "Dr. Copper" because the industrial metal supposedly has a Ph.D in economics. Why? Because copper is widely recognized as a good indicator of economic health. However, copper might not be the smartest metal out there. According to this chart published in Citi's massive 110-page Q2 Commodity Update report, aluminum is much more vulnerable to the economy. |
Mercenary Geologist Mickey Fulp--January's Bull Stampedes into February
Tuesday 29th of May 2012 06:45:22 PM
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| We sat down with Mickey Fulp and while there’s not a lot to be happy about, many markets have been going up since the first of the year. And as the old Wall Street Maxim says, So goes January, So goes the Year. And you have to take your profits while you can get them. But of course you always need to have a core holding of gold and silver. The rest is extra money that you’ve hopefully been able to grow during the course of a very tough couple of years. There’s absolutely no indication that anything has fundamentally... |
Mickey Fulp’s Monthly Market Wrap-Up–01-31-2012
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Mickey Fulp, the Mercenary Geologist, joins us for a review of how different markets performed during the month of January 2012. If the old saw, "As January goes, so goes the year," holds true, then 2012 could be one for the record books. Platinum was up 20 percent, Gold 10 percent, and Silver 18 percent. These are huge numbers that could be an indication of things to come or might prove to be a false indicator. The big loser for the month was natural gas down 20 percent! Warm winters in the Northeast, supply gluts, and new technology have made... |
Copper theft becomes a crisis for public agencies (California BART system)
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| BART revealed Tuesday that copper thieves are bedeviling the system in more ways than stripping cable from its tracks. A project intended to speed trains in Contra Costa County, which was supposed to be done by now, was delayed 10 months after crooks stole hundreds of thousands of dollars worth of metal. "BART is a public system," said Robert Raburn, a member of BART's Board of Directors. "This is a theft from the taxpayer." |
If Laws Change, 'Penny Hoarders' Could Cash In On Thousands Of Dollars
Tuesday 29th of May 2012 06:45:22 PM
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| If Laws Change, 'Penny Hoarders' Could Cash In On Thousands Of Dollars By NEAL KARLINSKY and MARY-ROSE ABRAHAM ABC News – Fri, Dec 2, 2011If Laws Change, 'Penny Hoarders' Could Cash in on Thousands of Dollars (ABC News … Joe Henry is on a first name basis with bank tellers across his hometown of Medford, Ore., scouring 15 banks a week with one thing on his mind: pennies. Henry is often seen toting around bags of pennies, some he buys, others he changes back in for cash, which seems a little strange at first. He's not a collector, he is... |
Messenger from Mercury: Orbiter returns images of odd landforms on innermost planet
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Hot and heavy little Mercury is warming up to NASA's MESSENGER probe and revealing its true planetary colors -- in enhanced-color images. Among the spacecraft's finds are bizarre landforms (shown here in blue) tucked inside impact craters on the planet's surface. David Blewett of the Johns Hopkins University Applied Physics Laboratory and his colleagues report these puzzling scarlike hollows in the Sept. 30 Science, which features seven papers describing the compact world. The pits resemble sunken Swiss cheese holes -- smooth, rimless depressions that vary in size between several meters and a few kilometers across. Irregularly shaped, the clustered hollows... |
Copper thieves steal sword at Lincoln tomb
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Thieves have snatched a copper sword from the burial site of president Abraham Lincoln, one of the most revered leaders in US history, local media reported. The roughly three-foot (90-centimeter) sword was brandished by the statue of a Civil War artillery officer at the Lincoln Tomb State Historic Site, located in Springfield, Illinois. The sword was broken off at the handle, The State Journal-Register reported Friday. The theft was apparently the first since 1890, when the same sword was stolen from the statue, the newspaper said. At that time, the sword was made of bronze that largely came from melted-down... |
Copper Tumbles 6% (4% Yesterday)
Tuesday 29th of May 2012 06:45:22 PM
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| Copper Tumbles 6% Eric Platt Oct. 20, 2011, 2:07 PM Copper, after tumbling 4% yesterday, plummeted again on the COMEX today. It's down 6% to $3.07 per pound. Take a look: Image: FinViz Precious metals are also taking a beating: * December gold contracts: Down 2.0% to $1,614 an ounce * December silver contracts: Down 2.8% to $30.36 an ounce * January platinum contracts: Down 2.1% to $1,491 an ounce * Southern Copper Corp. is trading 1.5% lower today. (snip) |
"Dr Copper" Says Recession Is Around The Corner.... But May Only Be Half Right.
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| "Dr Copper" Says Recession Is Around The Corner.... But May Only Be Half Right. by Vikas Ranjan Oct 19, 2011 07:28:31 AM In my last blog entry on October 7th, I argued that that the bull phase in copper is far from over. The most recent drop in the price of copper is suggesting softness in demand but this could only be a temporary phenomenon. Apart from a keen interest in copper’s own investment prospects, market watchers also look at copper for guidance on the direction of the economy. As I mentioned in my previous article, since copper is... |
Bizarre string of events leads to arrests
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Two people are in custody after a strange string of events led to their arrest and subsequent discovery of stolen copper wire, a pickup submerged in mud and a damaged tractor hooked to a loaded grain cart. “This is a case where the evidence is pretty clear,” said Lt. Paul Vrbka with the York County Sheriff’s Department. “There’s no doubt these two are copper wire thieves, they were involved in that type of theft and then a rain storm ruined their plans.” The sheriff’s department alleges that Marlo Turner, 42, and Michael Doxon, 34, both of Lincoln, stole copper span... |
Louisiana Law
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Louisiana Law By Addison Wiggin 10/13/11 Baltimore, Maryland – “Is this just stupid? Or sinister by design?” We couldn’t help asking the question when confronted by a law that took effect in Louisiana on Aug. 15, 2011. The short of it: In Louisiana, if you sell clothes or toys that your kids have outgrown for cash — more than once a month — you’re now breaking the law. And… the why: Over the summer, Louisiana lawmakers decided that mere laws against theft might’ve been good enough for Moses and his people back in the day, but not for the Pelican... |
China Reveals Its Copper Stockpile
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| China Reveals Its Copper Stockpile Linette Lopez Oct. 13, 2011, 12:54 PM According to the FT, China's Non-Ferrous Metals Industry Association has announced that the country's copper inventories were at about 1.9 million tons at the end of last year. That's more that the U.S. consumes in a year. Estimates by the International Copper Study Group had the number 1.0 to 1.5 million tons higher. Here's why it matters: The fact that the amount China is carrying in its reserves means that their demand for copper may be less than we thought. And Chinese demand is so significant, that if... |
Copper demand continues to exceed supply
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| According to preliminary International Copper Study Group (ICSG) data, global growth in copper demand for 2011 is expected to exceed global growth in copper production, with a production deficit of about 200,000 metric tonnes of refined copper expected for the year. The metal is regarded as a leading indicator of the global economy. It is used in the construction of buildings, power generation and transmission and the manufacture of consumer electronics. Copper wiring and plumbing are integral in these items. So, the higher the demand for copper, the more buoyant the global economy is said to be. That's why the... |
Copper Telling You China Much Worse Off Than You Think?
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Copper Telling You China Much Worse Off Than You Think? Published: Wednesday, 28 Sep 2011 By: Lee Brodie In a volatile market like this one, you can’t afford not to examine every development. And this one isn’t good. In fact, if you’re bullish it’s kind of a one – two punch to the gut. On Wednesday, materials [XLB 30.451 -1.409 (-4.42%) ] led the market lower as investors worried the crisis in Europe could catapult the world into global recession. Considering materials propelled the market to bull market highs earlier in the year, the poor action in this sector is... |
What Are Copper And Oil Signaling?
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| What Are Copper And Oil Signaling? By Eric McWhinnie September 24 2011 With the markets in turmoil, investors are looking for indicators that will help clean their crystal balls. Two of the more widely used economic indicators are copper and oil. Copper (NYSE:JJC) is often referred to as Dr. Copper, because of its ability to give insight to the future of the global economy. Oil (NYSE:USO) is often seen as the lifeblood of the economy since it is used in everything from plastics to finished motor gasoline. Recently, copper and oil have given investors reason to worry. On Friday, copper... |
Copper And Copper Stocks To Collapse Much Further
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Copper And Copper Stocks To Collapse Much Further James A. Kostohryz September 21, 2011 The Malthusian ideologues of "peak everything" fooled an outsized portion of the investing world into believing that commodities and commodity stocks could only go up. Even if these Malthusian prophets of scarcity were correct in their basic theory about the long-term supply and demand fundamentals for commodities (I think that they are partially correct depending on the time-frame you look at) the fact is that they are only correct from a secular standpoint, if at all. The problem is that many of these folks have confused... |
Red Alert On The Red Metal?
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Red Alert On The Red Metal?Bruce KrasteringSeptember 20,2011 At the end of last year I made predictions (a total of 44) of what might come. So far I’ve got (at least) one right and other dead wrong. I’m worried about the one I'm wrong on. Right -Volatility is going up across the board. If you have the stomach for the swings that are coming across all markets there is a ton of money to be made; balls and timing are all that are necessary. The markets will create dozens of opportunities to make and lose. . Wrong -Copper will continue... |
Copper Thieves Hit Same Church For Third Time
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| LEXINGTON, Ky. -- A Lexington church is running out of cheeks to turn as copper thieves hit it for a third time. Pastor Derek Coleman of Gardenside Baptist Church said it’s hurtful that people steal from a church that’s willing to give to them, according to WKYT-TV. This time, thieves stripped copper piping from a building the congregation uses for missionary work and allows other churches to use in time of need. Damage done by the thieves makes the building impossible to use until it is repaired. The church is looking at new security measures after three copper thefts. |
Copper Continues To Show Risk On (Dr Copper)
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Copper Continues To Show Risk On By Jonathan Chen Benzinga Staff Writer September 07, 2011 3:28 PM If you look at a chart of copper, you wouldn't know the world is ending in Europe. Sure, we dropped from nearly $4.50 per pound at the end of July, beginning to almost $3.80 per pound just a few days later in August. Since that low in August, we have seen a somewhat shaky, climb higher. We touched a technical level of $4.225 on August 31, bounced off that and found support at $4.02 last week. It has not been a steady climb... |
Men accused of stealing downed lines due in court
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Connecticut State Police have arrested two men accused of attempting to steal electrical wire downed by Tropical Storm Irene in Canterbury. State troopers said that they were notified by concerned citizens that two men were seen rolling up electrical wires brought down during Irene's fierce winds and heavy rain on Gooseneck Hill Road. Responding troopers arrested Gary Malone, 28, of Canterbury, and Paul Sherman, 48, of Plainfield. Malone was charged with larceny, criminal mischief and operating a motor vehicle with a suspended license. Sherman was charged with larceny and criminal mischief. Both are expected to appear in court on Thursday.... |
Why You Need to Own Nickels, Right Now
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Why You Need to Own Nickels, Right NowRobert WenzelSaturday, February 5, 2011 On November 11, 2010, I wrote in the EPJ Daily Alert: Back at the commodity level, copper is the latest to hit a record at $8,966 a ton. Copper is certainly not a "goldbug" play and is simply an indicator of economic (inflationary) demand. At some point, nickels, which are mostly made of copper, will start to disappear from circulation. There's right now 6.2 cents worth of metal in a nickel [Note the value is now up to 7.2 cents.-RW]. When I run into someone that does not... |
Transient Meth Head Rakes In $95,000 By Stealing Copper to Support $100-a-Day Meth Habit
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Transient meth-head Kirk Wise probably made more money than you did last year -- and he didn't even have a job. Wise, 45, is a professional copper thief who steals copper wire to support his $100-a-day meth habit. He's pretty good at it, too -- according to Wise, he's netted nearly $100,000 since January of 2010 by selling the copper to scrap-metal recycling businesses throughout the east Valley. (...) He admitted to everything -- he said he stole copper to support his meth habit and he'd netted $95,000 since last January. He told police he'd been stealing copper for three... |
Michigan Copper in the Mediterranean
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| The Shipping of Michigan Copper across the Atlantic in the Bronze Age (Isle Royale and Keweenaw Peninsula, c. 2400BC-1200 BC) Summary Recent scientific literature has come to the conclusion that the major source of the copper that swept through the European Bronze Age after 2500 BC is unknown. However, these studies claim that the 10 tons of copper oxhide ingots recovered from the late Bronze Age (1300 BC) Uluburun shipwreck off the coast of Turkey was “extraordinarily pure” (more than 99.5% pure), and that it was not the product of smelting from ore. The oxhides are all brittle “blister copper”,... |
New copper theft law puts restrictions on recyclers
Tuesday 29th of May 2012 06:45:22 PM
Posted by admin / Under Copper Cookware
| Gov. Nikki Haley signed a new bill known as the Copper Theft Bill that makes several changes to the current law regarding the sale and purchase of copper. Under the new law, anyone who intends to transport and sell any non-ferrous metal, including copper and catalytic converters, to a scrap metal dealer must first obtain a free permit from the sheriff in the county where the seller lives. There are two types of permits available to the public: one is a one-year permit and the other is a 48-hour permit. To obtain the one-year permit, a person must submit an... |
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