Uh Oh, Dr. Copper just got Wacked!

[Westerner]

I'm still confused, it takes copper and zinc to make brass.

The latest....http://miami.cbslocal.com/2013/04/18...on-ammunition/

And let there is no effect to the commodities, not to forget or to mention lead.

POMPANO BEACH (CBS4) – Ammunition sellers and manufacturers say there’s been a run on bullets and they can’t keep their shelves stocked.

Jeff Dillard who runs National Armory in Pompano says it’s the worst he’s ever seen.

“I have never seen ammo so impossible to get,” said Dillard.

He said demand for ammunition has been growing and spiked over the past couple of days.

“Because of the terrorist attacks and the gun control legislation people are getting in more of a panic situation,” Dillard said.

When he can get bullets, Dillard says, they’re expensive.

“We paid five times the price we would normally pay,” he said, adding that it isn’t just ammunition running low, he can’t even get the parts to make bullets. “All our vendors are telling us not only are they out of stock but some are two to three million bullet-heads in back-order. They won’t even take our orders because they don’t know when they’ll be able to fill them.”

Ammunition manufacturer Andy Delatorre says can hardly keep up with ammunition orders, but the shortage on parts has hurt his business so much he had to lay off four people last month.

“We have had to shut down 50 percent of manufacturing process. People are out on street without jobs right now. We just can’t find enough raw material,” he said.



Ammunition manufacturers and sellers say they see no end in sight to the demand for bullets. “A lot of the distributors and suppliers are telling us it could be 2-3 months before we can get an ample supply of ammo and all that’s going to do is to drive up the prices,” said Dillard.

[Clock]

Perhaps related, I don't know.

In the last month or so the percentage of copper pennies in my change has dropped from 22-23% to 8% - 15% depending on what city I am in. 22% was the norm in this part of New york for years. Strange how that many old pennies just dropped out of circulation over night.

[Westerner]

I guess with o-carenot mandate/tax, and many other government enforced liabilities to even have one employee, and not to mention the added liability to have a employee working in a ammunition plant, the manufacturers are refusing to expand to meet demand. Or they are just flat out being told not to expand.

Probably a combination of both. And apparently the raw material is being hung up as well (see above piece). So it's a three sided assault.

[Clock]

Perhaps related, I don't know.

In the last month or so the percentage of copper pennies in my change has dropped from 22-23% to 8% - 15% depending on what city I am in. 22% was the norm in this part of New york for years. Strange how that many old pennies just dropped out of circulation over night.

Perhaps a coincidence, I don't know.

In the four days since posting this, I have received a total of zero copper one cent pieces in my change. There was much shopping done in two cities and two of the towns between them. Every purchase was a cash transaction, my way of keeping money out of the big banks and putting more money in the hands of small business owners.

I continue to wonder if the recent local disappearance of copper pennies explains how copper can drop in price and warehouses stock's of copper can increase as the world prepares for the copper intensive industry that is war.

Other possible explanations come to mind. Is some person or entity scrapping or hording copper cents? It could be some kind of statistical anomaly. For all I know the govy is pulling them from circulation. It could be that every business decided to only give out shiny coins. Possibly every time I was statistically due for an old penny the clerk decided to save the less clean looking coin for a customer they didn't like. Imagining possible explanations in fun, but I degrees.

Deeply intrigued by this.

[atlas mike]

Perhaps related, I don't know.

In the last month or so the percentage of copper pennies in my change has dropped from 22-23% to 8% - 15% depending on what city I am in. 22% was the norm in this part of New york for years. Strange how that many old pennies just dropped out of circulation over night.

I mine for copper cents and I am getting around 20%. Sometimes lower or higher. But that average is 20%. One time though I did $25 worth of cents and only got $4. I almost gave up on mining. Then the next week I got $6 out of $20. I also get a lot of Canadian coins.

[atlas mike]

Perhaps a coincidence, I don't know.

In the four days since posting this, I have received a total of zero copper one cent pieces in my change. There was much shopping done in two cities and two of the towns between them. Every purchase was a cash transaction, my way of keeping money out of the big banks and putting more money in the hands of small business owners.

I continue to wonder if the recent local disappearance of copper pennies explains how copper can drop in price and warehouses stock's of copper can increase as the world prepares for the copper intensive industry that is war.

Other possible explanations come to mind. Is some person or entity scrapping or hording copper cents? It could be some kind of statistical anomaly. For all I know the govy is pulling them from circulation. It could be that every business decided to only give out shiny coins. Possibly every time I was statistically due for an old penny the clerk decided to save the less clean looking coin for a customer they didn't like. Imagining possible explanations in fun, but I degrees.

Deeply intrigued by this.

Well since you can buy copper cents by the ton now, so ya people are hoarding copper cents. Like Me

[everything1]

Copper is whacked, but if the warehouses are full, that's the way it goes. I kind of thought the over production might be because of the bi-products of copper mining, silver and gold which I thought were doing well historically.

[zostar]

about tight supply of ammunition, possible clues:

brass casings and bullets, being bought up by Home Land Security

rt.com/usa/army-million-rounds-dhs-472/

The Homeland Security Department wants to buy more than 1.6 billion rounds of ammunition in the next four or five years. It says it needs them ..

There's a bullet buying spree going on right now by the Department of Homeland Security.

DHS Denies Ammo Purchases Aimed at Civilians -
Officials at the Department of Homeland Security denied Thursday that its large-scale ammunition purchases were an effort keep bullets out of ..

Congress Seeks Answers on Huge Homeland Security Ammo buys
Concerned lawmakers and activists have been seeking an explanation about the Obama administration apparently stockpiling weapons of war ...

Most of you proley already know this news though.

EDIT:
It is almost as if we could call Homeland Security the Nazi SS, or the Nazi
Fourth Riech.

[Westerner]

Starting to see a bigger picture. My WAG...

TPTB, err.. PPT..bail outs etc... are keeping basic metal commodities low. That causes the East to stack millions of tons and keeps them from selling into the U.S. market for our manufacturers, causing supply issues with ammo, and PMs products.

As planned.

[Atlas Shrugged]

BOOM. Lowest close since 2011.