RE:Every ten cent rise in copperYou know how I hate the put collar shell game. The big q is. How much will it cost to dump the collars.
Copper has gone up 40 u.s. cents in the last 4 days and is picking up steam. We could be easy looking at 10.00 copper by July. That is over 500 million u.s collar cost. Could they pay someone 10 million to take them today?
If things had kept going, the new production would have kept prices down. Production problems all over the world changed the story. Many factories will be buying hard at 5 or 6 dollars.
When they slow for a bit, copper should stall for a short time. Then up again. Time to go count copper:)) Insitiu value of copper will now start commanding premiums.
Happy guessing.
Nf