This is great news for consumers and I could honestly care less about investors. 
What are your thoughts? Are prices correcting or receding?
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What are your thoughts? Are prices correcting or receding?
"Copper dips below $4 per pound, suggesting 'the global economy' is in trouble"
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What's the difference in correcting and receding?
It can be that the dollar is just getting stronger along with an anticipation of a slowdown?
It can be that the dollar is just getting stronger along with an anticipation of a slowdown?
copper goes up and goes down with demand. When copper gets below $3.25 a pound the mines quit spending a lot of money for improvements. The mine I worked at had a bottom line for full production of $2.80 a pound.
Each mine has its own break even point. The mine I worked at was a leaching facility we did about 8000 pound of copper a week. From Silver City we sent the copper to El Paso to a rod plant. All on trucks.
Each mine has its own break even point. The mine I worked at was a leaching facility we did about 8000 pound of copper a week. From Silver City we sent the copper to El Paso to a rod plant. All on trucks.
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It's still pretty high when you look at it historically
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The "smart" investors went short a few weeks ago.I could honestly care less about investors.
(Did you mean you could or could not care less?)
"Copper dips below $4 per pound, suggesting 'the global economy' is in trouble"This is great news for consumers and I could honestly care less about investors.
What are your thoughts? Are prices correcting or receding?
Before the comma is fact.
After the comma is commentary.
I suggest it is because housing starts and closings are down.
Housing is easing.
It's a speculative futures market.
Speculators predict lower demand, that's all.
Investing is one thing, but one segment of it doesn’t necessarily define everything. I agree sometimes it’s psychological, and the gloom and doom doesn’t help. I’m hopeful that Covid has passed, supply is starting to catch up and maybe inflation will slow. Maybe we can carry this for awhile.
Correcting = Supply and demand levels out. Life goes back to normal.
Receding = No one is buying, prices drop, production slows down. We get a recession or stagflation.
Probably fear over rising interest rates and lack of confidence in the current government on both sides of the border.
I couldn't not care less
. Investors are still an important part of the economy.......unfortunately.Sometimes I feel like they're just mocking us.
I still paid $165 for a roll of romex today so I’ll let you know what I call it - when I see it.
Electrical contractor 37 years. Electrical inspector 2 years
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Since this thread is sort about economics can someone explain why "the experts" are saying unemployment has to get to 10% in order to stop inflation. That another 1 million people have to be let go? Is that for real or is someone rectally conversing? How are these unemployed people going to pay their bills?
I saw a headline today that Netflix laid off 300 people.
They are ... 298 billion of that is in my account, the rest of the Canucks don't have that much
I don't have an account with them, but heard on the radio that they jacked their prices.
They said that they will still have an affordable option ..... with ads
I don’t have an account either, the government didn’t give out that much money to me want to stay home and watch tv all day.
hey there bud can I borrow a toonie for a double double from timmies
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Exactly. The commodity price under the given circumstances may not translate to a lower shelf price for products because of broader inflationary pressures superseding the commodity price
Some economists believe that as unemployment goes down, inflation goes up and vice versa. I don't know enough about it to say whether that's actually how things work but it seems to be a relatively common idea at the federal reserve.
Also the unemployment numbers are cooked to make it look like there are far more people working than there actually are so anything related to that is immediately dubious.
Can I have some?They are ... 298 billion of that is in my account, the rest of the Canucks don't have that much
My friend. 😊
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