NYSEAM:RVM - Post Discussion
Post by
mouserman on Apr 17, 2013 5:15pm
US will need RVM's copper
With the huge Bingham Mine in the US shuttered for likely a year due to a huge landslide, the US is looking to have a shortage of copper from American sources. Bingham supplied 18% of US copper needs. Now pray tell ,how does copper fall 10% in a few days with a shortage looming of that magnitude...
Not only was Bingham a huge copper mine, it also produced nearly 400,ooo ozs of gold a year and 3.2 million ozs of silver. Only on the crimex can you see these kinds of shenanigans, fundamentals mean nothing, its not a true market governed by supply and demand.
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