Page 2 of 9 FirstFirst 12345678 ... LastLast
Results 11 to 20 of 82

Thread: Is nickel the Canary?

  1. #11

    Default

    Nickel up to $8.1169 per pound (peaking at $8.15 today), according to Kitco.

    Apparently, this is a high for the year, maybe for the last 15 months.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  2. #12

    Default

    Ha, great minds and all that we posted at the same time! From the post just before yours.....

    Well nickel was slaughtered yesterday along with the PMs. But already this AM nickel has regained and then some of that loss. Hmmmmm.. almost like a loud stinking canary when one puts a sheet over the cage to shut them up. However the winds of war must have blown that sheet to Asia?

  3. #13

    Default

    Nickel at $8.2383 per pound now, according to Kitco. With nickel spiking above its highs within the last 12-15 months, nickel may be representing the inflationary forces in the economy.

    Copper is barely holding above $3 per pound, according to Kitco. (With Kitco down 10% within the last 3 months, copper is indicating deflationary forces).

    So, it looks like a knock-down drag-out fight between inflationary and deflationary forces in the economy.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  4. #14

    Default

    I have been reading a bit about the stockpiles of copper the Asians have been stacking for the last couple of years. It seems the low copper price could be that there is just so much of it in above stocks that the market is just too fat?

    Here is a piece that touches on that...

    https://agmetalminer.com/2014/04/chi...s-consumption/

    IIRC, I read a piece not long ago that a whole country that has there own currency could of backed there currency with there copper stocks? Can't find that piece but I may be wrong, or read it wrong.

  5. #15

    Default

    Quote Originally Posted by Westerner View Post
    I have been reading a bit about the stockpiles of copper the Asians have been stacking for the last couple of years. It seems the low copper price could be that there is just so much of it in above stocks that the market is just too fat?

    Here is a piece that touches on that...

    https://agmetalminer.com/2014/04/chi...s-consumption/

    IIRC, I read a piece not long ago that a whole country that has there own currency could of backed there currency with there copper stocks? Can't find that piece but I may be wrong, or read it wrong.

    Copper has less demand as all new homes are using plastic for the plumbing.

  6. #16

    Default

    Quote Originally Posted by Silver and Gold View Post
    Copper has less demand as all new homes are using plastic for the plumbing.
    Your right, but fact is the new homes are really in a slump too, compared to the 1990s-early 2000s.

    Of note the brass fittings used to connect the PEX are not being made no more, come to find out they have a trace of heavy metals (lead, mercury) in them, and the plastic fittings are crap, so now the fittings being produced are 100% copper. Plus electrical wires are still mostly copper. For just 50 feet of 10 gauge wire is around $70 bucks, about $8 + bucks a pound.

  7. #17

    Default Nickel up to $8.3069 per pound this morning

    Nickel up to $8.3069 per pound this morning, according to Kitco.

    Copper down to $2.99 per pound in the early morning and back up above $3 per pound to $3.0144 per pound, according to Kitco.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  8. #18

    Default

    Quote Originally Posted by Silver and Gold View Post
    Copper has less demand as all new homes are using plastic for the plumbing.
    There is a lot of problems with bacteria growing inside the PEX plastic piping. Copper contains something that naturally kills that bacteria. Not sure if going back to copper piping is going to happen, but PEX is likely on its way out.

  9. #19

    Default Nickel muse...

    Looking at this 25 year chart and rough guessing that if nickel had stayed up with inflation conservatively from 1989 compared to gas, it should be about $24 a pound today.

    http://www.infomine.com/investment/m...es/nickel/all/

    Oil is to dang flammable....

    http://www.wtrg.com/oil_graphs/oilprice1947.gif
    Last edited by Westerner; 04-22-2014 at 02:11 PM.

  10. #20

    Default

    Quote Originally Posted by WhatsUpDoc1958 View Post
    Nickel up to $8.3069 per pound this morning, according to Kitco.
    Nickel up to $8.3769, according to Kitco.
    Last edited by WhatsUpDoc1958; 04-23-2014 at 07:01 AM.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some menís principle to pay interest, and seems against othersí interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

Page 2 of 9 FirstFirst 12345678 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •