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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (157456)	9/21/2011 5:17:49 PM
From: teevee	1 Recommendation Read Replies (1) \| Respond to of 206086

when the tide goes out, all the boats go down.......

To: Jacob Snyder who wrote (157456)	9/22/2011 4:54:39 PM
From: Jacob Snyder	3 Recommendations Read Replies (2) \| Respond to of 206086

Recession Watch: Copper is a sensitive and real-time indicator of the health of the global economy. Copper is used in everything: all vehicles, anything that uses (or makes or moves) electricity, almost all machines and appliances. Supply is hard to change quickly, since new mines take years to ramp up. Unlike other commodities, like oil and grains, governments don't interfere to create non-market prices in copper. Therefore, price is controlled by demand. As you can see, the price of copper peaked in February, declined steadily, and then fell off a cliff this week. Freeport McMoran is a big copper miner. The gold line is the 5-year moving average, which FCX just plunged below.