RE:RE:CU price movementnofluff wrote: Nice interview with goldman analyst on copper. He says we are out of physical copper reserve. He expects copper to go to 10.00 and then possibly 20.00.
So it is no longer just fluffy making that call. I do not think I have ever said more than 10.00, but I can see how 20.00 could happen.
Lets dream big. 20.00 copper and 4 copper mines at 500 million pounds per year at 15.00 cad profit after tax would b 7.5 billion epy or 25.00 eps for 500.00 per sh.
So I wonder if there will b a trade halt before anouncement or just anounce after close. I have nothing on sale.
nf
Actually, I hope not. Silver is right now being manipulated to save the world's economies. Because it is both a precious metal and an industrial metal and in short supply, a huge run up in silver has the potential to cripple certain industries, if not, to drive prices of stuff up, which in turn drives up inflation, which in turn drives investors to silver, and so the "melt up" and the melt down of the economy.
Copper would not have the precious metal angle, but $20 copper means hyper inflation. That will not make our lives better, I think.
Modest increases in copper could make us all wealthy and allow the worlds economies to remain stable.