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GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET

 
Anonymous Coward
User ID: 29202097
United States
12/06/2012 09:35 AM
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GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.silverdoctors.com]


However, in this past quarter we can see the damage to the balance sheets as the miners received about $8.00 less an ounce for silver in Q3 2012 than the same quarter last year. Total income declined to $895 million even though the overall production was a million oz more. Furthermore, we can see that net incomes have plummeted 78% to only $53 million…. a mere 6% of total revenues.


The next chart really shows just how bad the situation is becoming in copper inventories in the United States.

check out the charts in link:

In just eight months, the U.S. LME copper inventories are down nearly 60%. Even though it has the LME listed on the table, these are copper inventories located in the U.S. Most of the decline of copper inventories are not due to exports, but rather domestic consumption.

Looks like the price of copper won’t be falling all that much any time soon.
Anonymous Coward (OP)
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12/06/2012 09:38 AM
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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
Renegade (Me too)

User ID: 28510817
United States
12/06/2012 09:43 AM

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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
 Quoting: Anonymous Coward 29202097


How much copper is in a pre 1964 penny? I have forgotten.
Who is John Galt?
Anonymous Coward (OP)
User ID: 29202097
United States
12/06/2012 09:48 AM
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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
 Quoting: Anonymous Coward 29202097


How much copper is in a pre 1964 penny? I have forgotten.
 Quoting: Renegade (Me too)


?????????????

read somewhere from 1972 going back had like 100%

Gonna google it and see
Anonymous Coward (OP)
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12/06/2012 09:53 AM
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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.coinflation.com]
Renegade (Me too)

User ID: 28510817
United States
12/06/2012 09:55 AM

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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
 Quoting: Anonymous Coward 29202097


How much copper is in a pre 1964 penny? I have forgotten.
 Quoting: Renegade (Me too)


?????????????

read somewhere from 1972 going back had like 100%

Gonna google it and see
 Quoting: Anonymous Coward 29202097


If I had 68 lbs of pre 1964 pennies, how much is it worth?
Who is John Galt?
Burt Gummer

User ID: 7702124
United States
12/06/2012 10:13 AM

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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
 Quoting: Anonymous Coward 29202097


How much copper is in a pre 1964 penny? I have forgotten.
 Quoting: Renegade (Me too)


?????????????

read somewhere from 1972 going back had like 100%

Gonna google it and see
 Quoting: Anonymous Coward 29202097


If I had 68 lbs of pre 1964 pennies, how much is it worth?
 Quoting: Renegade (Me too)


3.64lb x 68lbs = $247.52 (if 100% copper)

[link to www.kitcometals.com]


Realize though...they are only 95% copper.

By the way...you have about 9918 pennies there....assuming they are all pre 1982.

Last Edited by Useless Cookie Eater on 12/06/2012 10:18 AM
Anonymous Coward (OP)
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12/06/2012 10:54 AM
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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.survivalblog.com]

Save some nickles as well
Copperfriendly

User ID: 30334149
United States
12/19/2012 02:21 PM
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Re: GETTING CLOSE TO BREAK-EVEN: SILVER & U.S. COPPER INVENTORIES PLUMMET
[link to www.tradeservice.com]

daily chart for copper

Get your pennies out folks,or just hit up your local bank and pluck em from the rolls...that rumor of pennies being taken out of circulation may not be a rumor.
 Quoting: Anonymous Coward 29202097


How much copper is in a pre 1964 penny? I have forgotten.
 Quoting: Renegade (Me too)


97% copper for pre 82 pennies
3% copper for post 82 pennies

check out
www.coinflation.com

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