RE: [TCML] What's up with Copper Prices?

["Dave Halliday" <dh@xxxxxxxxxxxxxx>]

Same thing with petroleum prices -- rocket ship up, feather down.

Businesses are quick to pass on any expense to the consumer but every
supplier waits for their competition to "blink" before they lower the
prices.  Nobody wants to be the first to "blink" so prices stay high for a
long time.

http://www.kitcometals.com/charts/copper_historical_large.html

Check out the five year charts and especially the warehouse levels for 2003
and 2008

Dave


> -----Original Message-----
> From: tesla-bounces@xxxxxxxxxx 
> [mailto:tesla-bounces@xxxxxxxxxx] On Behalf Of G Hunter
> Sent: Tuesday, December 09, 2008 3:46 PM
> To: tesla@xxxxxxxxxx
> Subject: [TCML] What's up with Copper Prices?
> 
> I visited a London-based financial news site.  It said copper 
> prices have collapsed worldwide.  It's gotten so bad that 
> copper miners are being laid off in droves.  Mines are being 
> mothballed due to reduced demand and low prices.  So how come 
> this hasn't filtered down to our hobby?  Copper magnet wire, 
> THHN hookup wire, copper strap, ribbon, and braid, and copper 
> tubing is still sky high.  When will us starving hobbyist see 
> rational copper prices?  If anyone is in the metals or 
> scrap/salvage trades, electrical trade, or dabbles in 
> commodities trading, please share any insider knowledge.  
> Impoverished coilers want to know!  This is only tangetially 
> on-topic, so I'll take any replies off-list.
> 
> Seasons Greetings!
> 
> Gregory R. Hunter
> 
> 
>       
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