Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (63907)	3/3/2009 4:49:02 PM
From: LoneClone	Read Replies (2) \| Respond to of 78421

I've been reading a lot of news lately that indicates copper is at the very worst stable at current prices. But if there is another major meltdown to come we may well see Claude's prediction of a dip to sub-one dollar prices. LC

To: tyc:> who wrote (63907)	3/4/2009 10:33:00 AM
From: Valuepro	Read Replies (2) \| Respond to of 78421

Speaking of copper, base metals are up strongly this morning. Copper, which had fallen to $1.506 a couple of days ago, is $1.642 at this writing (+3.8% from yesterday), a new high since the November crash when the red metal hit $1.27, if memory serves In other examples, lead and zinc are each up 4.6 percent at the moment. What's behind this? China, of course, where the the Shanghai Composite closed up 6.12 percent. 1) The Purchasing Managers Index jumped for the third month in a row and now stands at 49 from a low in 38.8 in November. 50 is considered the dividing line between contraction and expansion. If this trend is sustained, China's economy will be in recovery mode this month. Further adding to the jubilation in Shanghai last night was/is strong speculation that Premier Wen Jiabao will tell of additional stimulus spending plans as he addresses parliament tonight. If China's economy can continue growing, it will in my opinion help lift the rest of the world to some degree, though I doubt a return to previous growth rates in the West will come anytime soon. VP in AZ