Stacy Summary: Repeat after me, “do not enter the ‘markets,’ they are rigged.” Now say it ten times because even if you beat the riggers, you will pay! As we have seen with the trillions in bailouts. But chances are you will not beat the riggers because they have powerful computers and powerful friends.
Tags: copper64 Comments
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More succinctly, why did copper price bottom-out for the past two years?
I thought it was Dr. Copper?!
Personally I’m not too fond of coppers.
Here is some fun on the swineflu!
http://www.dailymail.co.uk/news/article-1202389/Government-virus-expert-paid-116k-Tamiflu-vaccine-makers.html
Yea, it’s Dr. Copper not Mr. Copper
Maybe people mistake copper for gold..
@Max
What do you expect from this direct US-China summit ?
Maybe the aliens need blood transfusions?
http://www.davidicke.com/forum/showthread.php?t=57993
2-Year 100.172 1.03
10-Year 95.156 3.72
30-Year 94.016 4.62
Treasury yields are exploding.
I would say its simply because investors are using copper as “money” as not for its industrial use, hence why copper has soared. Silver is also an industrial metal which is “defying gravity” once again because its being used as money and not industrial.
Privy investors are taking up the advice that they need to hold real assets so they buy cotton sugar copper silver etc but they are buying to hold using their ETF’s but the ETF doesnt refelct the real world these commodity’s are designed to flow not be stored which will clearly cause a problem soon.
Did you guys remember this?
http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml
Hence the WT7 comment of Max on the Paris tv show regarding the Goldman shysters.
Sorry guys, I’m too lazy to find an English notice, but here is a dutch news paper article stating that Europe is to negotiate with the US on providing them details on bank accounts.
Very nice.
http://www.telegraaf.nl/binnenland/4488905/__D66_boos_over_toegang_bankgegevens__.html?p=14,1
i save copper and take it in for scrap. been waiting awhile now to take it in. couple 55 gallon drums full should bring a dollar or two. pg
HAH!!!!
Finally, someone has written an article about CIBC and the High-Frequency COMPUTER trading they’ve been doing…
http://www.theglobeandmail.com/globe-investor/cibc-surges-ahead-on-electronic-trading-strategy/article1231784/
One interesting point of contrast between the high-freq models of the TSX and NYSE is that Canadian Markets don’t allow FLASH MESSAGING (which essentially is front-running…)
but apparently CIBC trades 1 in 5 shares … (there are retail investors in the those numbers, though)
Nice: Monsanto lobbyist to become head of food security for the US government!
http://deepjournal.nl/p/7/a/en/2163.html
Also great news: British government swineflu advisor also works for Glaxo.
http://tinyurl.com/l7x4s9
Some hope is glowing. People have been to the streets. In 2008 already!
http://www.youtube.com/watch?v=n4TNaJDTFcw&hl=nl
Representatives charge Goldman with using taxpayer money to put the financial system at further risk:
http://www.huffingtonpost.com/2009/07/27/goldman-sachs-gambling-wi_n_245566.html
Look at whose picture (and blogs) appear at the bottom of the page. Go, Max!
About rigged markets, how global is that problem? I assume some manipulation is going on everywhere but is there known places/countries that are worse or better than others?
Hmm, do not enter the market you say, and at home in a newspaper today I got a fund manager saying stocks is THE place to be right now (I guess he wants more people to buy into his fond right now, that is the underlying tone of the advertisement..em article) … I am glad you, max and the gang are there trying to educate and knock some sense into people like myself.
RESISTING CARRY TRADES
- The interest in carry trades has grown as investors have become more willing to venture out of the most liquid markets in the quest for returns but the subsequent appreciation in currencies such as the Australian and New Zealand dollar is provoking a push back from the central banks concerned.
This suggests that others could be, or have been, tempted by tactics deployed by the Swiss National Bank, whose latest reserves data shows how actively it has sought to keep the Swiss franc in check.
Australian reserve data suggest the Reserve Bank of Australia is already taking a leaf out of the SNB’s books, which will keep the market on toes in the coming weeks, while the Reserve Bank of New Zealand meeting this week will offer another chance for central bank rhetoric to counter the prevailing market trend.
FROM: The Big Five: themes for the week ahead
http://link.reuters.com/nem49c
Q: “Why has copper price soared during the worst recession since the Great Depression?”
A: Most likely because its price rise is signalling a nascent economic recovery.
Copper is purchased, not for hoarding, but for use in manufacture of circuit boards; electrical wire; electromagnets; heat sinks; integrated circuits; magnetrons; microwave wave guides; motors, generators, and transformers; piping; plumbing; relays and switches; roofing; etc. Copper has oft been referred to as “Dr. Copper” because its increased usage is one of the best leading indicators of reviving economic activity after a slump – and also the converse.
The first sign of an upwards change of trend in this commodity occurred in 08Dec when the price went no lower than 125.50, approaching a Gann square of nine, 180 degree support point at 125.42, ((@Sqrt(408.00) – 9))^2 = 125.42.
The second sign of a trend reversal occurred in late 09Feb, when intermediate-term resistance in the 160s was overcome by a sharp, persistent rally.
Important resistance points, representing downtrend retracements, will be 233.42 (38.2%); 266.75 (50.0%); 300.09 (61.8%); and 347.55 (78.6%).
Please see:
http://stockcharts.com/h-sc/ui?s=$COPPER&p=W&yr=3&mn=0&dy=0&id=p98770211380
On a longer term basis, since long-term tops, once bypassed, tend to provide support, the late year swoon of this metal in 2008 stopped roughly at the prior tops recorded in 1974, 1980, 1987-90, 1995, and 2004. {Please note the scaling is different on the following chart, because it is a continuous recording of the immediate contract on a rolling basis.]
http://www.mrci.com/pdf/hg.pdf
(The high of this chart, 427.00, also failed to penetrate a square of nine, 180 degree resistance point at 430.40, ((@Sqrt(60) + 13))^2 = 430.40.)
While the “Worst Depression Ever” may be moderating, it still does not equate to rosier times ahead. Keynes proved that an economy can stabilise for long periods at various levels of activity – from optimal to suboptimal. Since neither the US nor UK are left with anything representing a vibrant industrial base to kick things moving, I will bet on the suboptimal.
Further, as regards to copper:
A young girl with hair tone of copper
Had girth that was really a whopper.
She had quite a spill,
And rolled down the hill
With a speed at which no one could stop her!
First of all it’s “Dr. Copper” not “Mr. Copper”
What happened more recently is that people in the financial business keep eyes on potential buyers which now mainly is China. When these financial traders suspect deminishing stockpiles or a country ready to buy they immediately react on that.
That was the main reason why China stopped buying cause prices kept on rising on money put in which didn’t know where to go else and as such create earnings over China’s back.
This manipulation is everywhere now I quess like in oil for example.
WHO’s heard of…
“…Journalist Accuses WHO of Plan to Commit Mass Murder CLICK FOR 6 VIDEOSAustrian investigative journalist Jane Burgermeister has filed criminal charges against the World Health Organization (WHO), the United Nations (UN), and several of the highest ranking government and corporate officials, charging them with bioterrorism and attempts to commit genocide.In April, she filed charges against…”
Just cut and pasted the above after searching her name which I came across just now after seeing a post on a youtube video from ‘EndlessMountain’ the Technical Analysis guy who also sees everything rotating around the Mayan calender.
On a differant subject has anyone got info on Hair transplants?
Getting a bit thin in one place, plenty else to spare thus i am thinking of “Hair re-deployment”
Mike
Just had a listen to her and a look at a long document and I found it a bit odd.
Perhaps its a play written by a medium who is in touch with Orson Welles.
http://www.youtube.com/watch?v=PhGoubc2ygg
http://www.scribd.com/full/17044769?access_key=key-1or70zlm6uuy83anqjgp
Old joke but given recent post about tattoos.
Have you thought about having Rabbits tattoo’d on your head?
You know from a distance they look like Hares.
Sorry, I just had to.
@Mike
For the love of Dr Copper, don’t do it! Consider a hat, or going smooth… I’ve seen what expensive, top-of-the-line hair-plugs look like after a five years: bad, obvious, idiotic. If you want to look younger, why not botox? Anyway. Baldness is cool. Ask Larry David.
This information should not be construed as investment advice, and is not meant to be a solicitation or recommendation to buy, sell, or hold GBP.
Be careful about transplanting from the ass,
It really limits toilet comfort.
Mike don’t it… Pubes look bad when they come out of the head….
@Juergenwahl
Isn’t it beyond a technical analist to pin down broader trents? Makes it sound so much like astrology…
@Kitty
I had the same thing after hearing Mrs. Burgermeister. She sounds like Mary Poppins. I’m still not clear on what is more effective, killing people using a poisonous vaccine or scaring people away from getting it. In the last case people really have noone but themselves to blame if they die.
@Mike Maybe if you get them from somone else? If two arms can be transplanted, then why not anybodies hair. Gives a whole new meaning to hairdressing…
By the way, I saw part of Mad Max (1979) and wow does it suck like a black hole…Mad Max 2009 is a hell of a lot better..
I knw you guys would try to have fun with this. I got a small bale spot on the top of my head (i am 45) which is not quite covered by brushing hair.
pleanty further down my head, thus if i get micro transplants i should be able to hide it.
…………..or i just hire women instead……how much is a nice female in France these days?
Mike
RE: CIBC GS-Style
I have to say, I thought these guys were using the BOX for their trading…
Ever since May 12th…
Especially on the low-end of the TSX, and the VENTURE Exchange….
And sure enough,
Thanx to GS technology
going through AMERICAN servers,
they are making a profit…
Hell,
just today, I was tenuously placing a bid on a Canadian H1N1 vaccine producer that is setting-up shop in France,
and BTW, they are good… they can get a vaccine made in 1 month after receiving the DNA of the strain…
but I digress…
I placed a market bid on the last 4k shares available @ASK,
only to have it usurped by some mystery bidder,..
literally milliseconds, before my bid went through the full motions of transaction (It never takes more than 1 second)…
It was like it executed AS I PRESSED “BUY”.
Perhaps it is like the poor girl, in Poltergeist, who said,
They’re HERE!!!!
It would seem Canadian Traders (who are just trying to beat the WELFARE system !!!!) are now stepping up against the TERMINATOR
(and no, I don’t mean Arnie… he’s fly-weight compared to CIBC)
And to think I was worried about RBC…
Hell, they play the AMERICAN MARKETS
with the BIG processors!!!
http://blogs.reuters.com/great-debate/2009/04/22/killer-robots-and-a-revolution-in-warfare/
http://www.newscientist.com/blogs/shortsharpscience/2008/10/packs-of-robots-will-hunt-down.html
Copper for robotic warfare? Not as pleasant as Juergenwahl nice entry: purely cynical.
@Mike/Liverpool:
Vice-President Biden has spent loads on his hair transplants. Isn’t he the sexiest?
@Mike
But how does hiring a woman increase your hair situation ?
@frances snoot
That catched my drift.
Here a post I made with loads of info about Robots and of cause the TERMINATOR http://tinyurl.com/cc5lhw
Mike: 45 is still young. Some cultures do not consider you fully born until you are 49 (7×7).
Youri:
I’m remembering the video you posted with the mean-ass robot chasing the cool chick:
http://www.youtube.com/watch?v=eDv3RzG0jpk
btw did you folks know that some scripts from the series “The X-Files” where given by the FBI !?
The X-Files seem to be connected with an other series “The Lone Gunmen” http://tinyurl.com/n4h8o which displayed a scenario similar to 911 which again is connected to bringing the Bilderberg Club story to the big screen, The Halcyon Company. http://tinyurl.com/n5ylep
I read on another site that one of the reasons copper is in short supply is due to a huge demand for bullets.
It was a trading site, so not sure of its validity
@Mike.
Hey mate. I know what your saying.
But I like to think I can grow old with dignity and actually enjoy it.
My wife said I should get my scalp looked at, but I told her the same. Its just like your sagging tits and bum – Just accept yourself and enjoy it. That went down well – Gotcha!
The more people I see trying to defy age the sadder I feel about the human race. Ha! Like those hollywood women. Look at he French, they seem to age with some grace.
Here is a recent video clip about the “high frequency guys”, the program traders on Wall Street.
http://www.brasschecktv.com/page/671.html
“Liquidity is Gone”
Also can be found on Youtube
I was amazed that in it Joe Saluzzi says that tf a trader does not have at least a “50 milisecond” advantage, they are really out of the game.
Apparently in late 80s, the SEC did make these special computer programs unlawful for traders, but today there is no sign that these will be made unlawful, so essentially non-program traders ought to just drop out.
About copper, don’t forget its use in the pennies and nickels. 5-cent nickels contain 75% copper and 25% nickel. 1-cent pennies contain 2.5% copper with the remaining zinc.
Pre 1983 pennies contain 95% copper and 5% zinc and are supposedly worth more than face value. There must be some interest in these, as AMPEX is selling rolls of 1959-1982 pennies for $1.49/roll (50 pennies).
“It now costs more than a penny to make a penny. And the cost of a nickel is more than 7½ cents.
Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for nickels, as well.
Copper and nickel prices have tripled since 2003 and the price of zinc has quadrupled, said Rep. Luis Gutierrez, D-Ill., whose subcommittee oversees the U.S. Mint… ”
http://www.msnbc.msn.com/id/24491928/
The evolution of man continues……..in the wrong direction!
http://au.news.yahoo.com/a/-/world/5755642/new-taser-gun-can-shock-three-at-a-time/
U.S. mortgage delinquencies accelerate: Equifax http://tinyurl.com/nngzlx
Hahahhahaha
Someone has decided that $14 is a good price for Silver.
Its just a flat line.
@Max – Can you explain this in your next ‘Truth about Markets’ Please.
I need to replumb our copper underneath our house. Our well water apparently has something that is eating away at our 30 year old copper pipes, making them spring a leak.
I nearly spit up lunch when I got a price for copper tubing…
Needless to say, I’ve switched to the new P-tex plastic pipe…
Jon Stewart and Cody going toe to toe?
http://www.youtube.com/watch?v=SjA7tT9vmMw&eurl=http%3A%2F%2Fdailybail%2Ecom%2Fhome%2Fcody%2Dwillard%2Dthe%2Dday%2Dour%2Dnation%2Ddied%2Dclip%2Ehtml&feature=player_embedded
@ Max, Youri et al
I believe the author is making reference to Yasuo “Mr. Copper” Hamanaka — not the metal — in both the heading and body of the column, wherever she uses the title “Mr Copper”.
You can holster your guns now…we’ll give her the benefit of the doubt.
Amazing!
WEBBOT Cliff High and George ure on coast2coast radio 7/21/09 PT 1 http://tinyurl.com/ks3ev5
copper
plated
donutz..
moderate this
donut man ..
woof
Changing the subject a bit, Congress and Obama are trying to impose martial law on the Internet:
http://news.cnet.com/8301-13578_3-9829759-38.html?tag=nefd.top
And Obama & friends have set up a new Hitler Youth program:
http://gangbox.wordpress.com/2009/05/15/the-new-hitler-youth-the-militarization-of-the-boy-scouts-of-america/