RE:Chinanofluff wrote: happened yesterday. Apparently threatened to regulate commodity prices.
How do you do that? I go to the lumber yard and tell the company, I am only paying 6.00 a stud instead of the 8.00 they want. The guy standing behind me buys the stud and I go home and sit.
The whole world is short commodity. 4.00 copper held again.
Happy guessing.
nf
I think someone said on BB's PP the other day that average Chinese citizens are hoarding copper like others stack gold and silver. Copper is too plentiful to be treated like a precious metal, but gold is certainly not plentiful enough to be traded like everyday currecy in a monetary collapse.
If people start using copper this way, things could change in the price very quickly. Imagine what would happen if eveyone decided to stack 100-150 pounds of copper just to use as hard currency.