Post by
nofluff on Jan 29, 2024 12:16pm
copper.
keeps inching up. To me, that is a good sign. Word on the street is that factories were keeping low inventories expecting a surplus this year. With cobra shut in and all majors missing guidance, it appears friedland is correct. We are 8n deficit right now. So how do factories manage things. Could get greedy and gobble.
They have been burned in that game to many times. So probably just pay a bit more each week. Eventualy, some factories become unprofitable and drop out.
Maybe at u.s. 10.00 that starts.
Happy hoping:))
nf
Comment by
JCSunsfan on Jan 29, 2024 2:22pm
That $10 USD dream. Ha. Not going to happen but fun to dream.
Comment by
JCSunsfan on Jan 29, 2024 2:25pm
$5 USD copper would be a huge boon to SP. Also, fuel prices are down right now. That will impact bottom line for Q1.
Comment by
JCSunsfan on Jan 29, 2024 2:29pm
Flirting with $1.50 US and $2 CD. I would think those are psychological barriers that would be nice to put behind us.
Comment by
nofluff on Jan 29, 2024 2:55pm
Just some thoughts jc. So if we r truly in deficit. And copper inventiries at factories low. Then factories need to pay higher to get metal. So u get to 5.00 copper. Someone has to quit manufacturing for copper to stay at 5.00. I do not think that will happen. Unless we r not in deficit. nf
Comment by
JCSunsfan on Jan 29, 2024 5:05pm
YOur lips to God's ears. Hope you are right.
Comment by
nofluff on Jan 29, 2024 5:40pm
Ha ha. I foubt God has much concern over copper:)) nf