Precious Metals
Jud
closing price. Gold is up $23 per oz too. Stock market is up too.
Jud - the intrinsic wonderer
Mr. Jaggers
Only the Shadow knows. But rest assured that, as soon I come to understand
all this, I will make it known bigtime. There will not be a charge for the
first ten people in line.
James the Huckster
Arizona Coin Collector
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:hdsbr...@enews5.newsguy.com...
> Jud wrote:
Hello
Below is the closing price from Bloomberg on Gold, Silver,
and Copper for Monday (11/16/09). WOW!
We have enough people stealing copper now as it is in
Phoenix. This will make it more tempting for people to
go though the abandon homes and commercial buildings.
This could be a good thing for the copper mines in Arizona
since some gold and silver are smelted out from copper ore.
Maybe more job openings.
FROM
http://www.bloomberg.com/markets/commodities/cfutures.html
COPPER FUTURE (USD/lb.) $313.400
GOLD 100 OZ FUTR (USD/t oz.) $1139.900
SILVER FUTURE (USD/t oz.) $18.370
Mr. Jaggers
Wow is right. I remember a time when copper was at about 35c an ounce, and
scavengers went around town ahead of the garbage truck scarfing it up from
the curb and stealing pole pigs.
But I bet a guy still can't get squat for aluminum cans. What?
James the Soda Guzzler
Jud
>
> But I bet a guy still can't get squat for aluminum cans. What?
>
> James the Soda Guzzler
5¢ deposit! At least here and some other states. One thing that the
deposit has done is to keep the roads a little cleaner. I notice it
whenever I go to a state that doesn't collect the nickel.
Mr. Jaggers
If your state doesn't check them for provenance, I'll be collecting a
truckload from our roadsides and heading your way!
James the Opportunist
Bruce Remick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
I presume you meant 35� a POUND. Otherwise, you could get 35� for about a
dozen pennies.
Back in 1958, when copper was 35� a pound, I worked for a guy who I later
found out had been sneaking into a local scrap yard at night and stealing
copper to sell back to the same yard the next day. Meanwhile, I was selling
bait for him in a little shack by the river. I always wondered why he
dressed so much better than me. And smelled better, too. In 1958, you
could buy a nice meatball sub for lunch with the take from a pound of copper
wire clippings, so kids were always scouring the building construction sites
for goodies.
Bruce Remick
"Jud" <numis...@aol.com> wrote in message
news:29262955-9da1-43c3...@a32g2000yqm.googlegroups.com...
> What's going on with silver? Up $1 per oz right now from yesterday's
> closing price. Gold is up $23 per oz too. Stock market is up too.
>
> Jud - the intrinsic wonderer
Right when I was about to add some silver to my retirement portfolio this
week, the price jumps a buck! Hopefully the profit takers will drive it
back into the mid-$17 range later in the week. If silver at $17.50 can't
beat a comparable 1.99% APR CD over the next year, it ain't worth nothin'.
Mr. Jaggers
I sit corrected. I hate it when I type something and then sit back and have
doubts as to whether I am correct on the units.
> Back in 1958, when copper was 35� a pound, I worked for a guy who I
> later found out had been sneaking into a local scrap yard at night
> and stealing copper to sell back to the same yard the next day. Meanwhile,
> I was selling bait for him in a little shack by the river.
> I always wondered why he dressed so much better than me. And smelled
> better, too. In 1958, you could buy a nice meatball sub for lunch
> with the take from a pound of copper wire clippings, so kids were
> always scouring the building construction sites for goodies.
Wasn't it the greatest of fun, though? We'd unwind the copper from anything
with a transformer or motor in it and even tear old TVs apart for the little
wiring there was.
James the Ripper
Bruce Remick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
I'm glad I didn't live in your neighborhood. Did the power go off often?
Mr. Jaggers
Ours was a brisk business selling candles and hurricane lamps.
James the Pedlar
Bruce Remick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Ahhhh. My kind of entrepreneur. See a need and exploit it. Kids today
just don't have the same business model.
The Giant Brain
news:3dudnRQDVsKXJ5zW...@earthlink.com...
> COPPER FUTURE (USD/lb.) $313.400
Copper is $3.0393 a pound, not $313.400.
Please get your facts straight...
Source: http://metalprices.com/FreeSite/metals/cu/cu.asp
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
>> about a dozen pennies.
>
> I sit corrected. I hate it when I type something and then sit back and
> have doubts as to whether I am correct on the units.
The original fault wasn't yours, or even Arizona's when he posted it. The
Bloomberg site was off by two decimal places. I'll stick with the Kitco
site for my metals quotes, thank you.
If copper really were at $313/lb, we'd be wiring and plumbing our homes in
far less expensive silver, those formerly cheap copper bracelets would be
featured items in jewelers' showcases, and hucksters would be hawking AES
dollars "generously layered in gleaming copper finish".
Oh, and no building could be left unattended by armed guards. "Hey, Tony,
dey got a 50-inch HDTV, three laptops, and a box of joolery in here!" "Stop
wasting time, moron, and help me rip out this wiring!"
:-D
- mazorj the Eagle-Eyed
oly
> >> about a dozen pennies.
>
> > I sit corrected. I hate it when I type something and then sit back and
> > have doubts as to whether I am correct on the units.
>
> The original fault wasn't yours, or even Arizona's when he posted it. The
> Bloomberg site was off by two decimal places. I'll stick with the Kitco
> site for my metals quotes, thank you.
>
> If copper really were at $313/lb, we'd be wiring and plumbing our homes in
> far less expensive silver, those formerly cheap copper bracelets would be
> featured items in jewelers' showcases, and hucksters would be hawking AES
> dollars "generously layered in gleaming copper finish".
>
> Oh, and no building could be left unattended by armed guards. "Hey, Tony,
> dey got a 50-inch HDTV, three laptops, and a box of joolery in here!" "Stop
> wasting time, moron, and help me rip out this wiring!"
> :-D
>
>
> - Show quoted text -
I didn't look, but I'd imagine Bloomberg was quoting a hundredweight.
A single pound of copper probably isn't worth fooling with in the
financial arena.
oly
mazorj
"oly" <oly...@aol.com> wrote in message
news:1f35e080-5dfb-4342...@o9g2000prg.googlegroups.com...
After reviewing the Bloomberg page with a 10x magnifier (just kidding, but
you have to look closely) I see that prices there are shown as either
"USD/lb." or "USd/lb."
Did you catch it on first reading here? Even if you noticed the caps/lc
distinction, you then have to analyze several pricings before you realize
that the difference isn't accidental and that USD/lb. means "dollars per
pound" whereas USd/lb. means "dollars per hundredweight". Arizona can be
forgiven for missing the distinction when he put the prices in text as
"USD/lb." but that's a per pound price and even if I knew the difference,
I'd have to have checked the original Bloomberg quote to realize that at
$313 it was USd/lb. which means per hundredweight.
If they had listed it as $313/cwt I would have easily caught the
distinction. Changing a D from caps to lc to denote per pound versus per
100 pounds is pretty dumb and as we've seen, leads to confusion. Especially
when cwt is well-known and accepted as the abbreviation for hundredweight.
At Kitco, spot prices for copper and other base metals - no matter how low
the price - are all denominated as "US$/lb" and no futzing around with
upper/lower case distinctions or whether 'tis better to use hundredweight
quotes for cheaper commodities. KISS!
(BTW, the spelling checker accepted USD but not USd. Bloomberg should take
a hint from that.)
- mazorj the Squinty-Eyed