Copper with a $2-handle - Mean Anything ?

[gunDriller]

I was looking at the Kitco Copper ticker this morning.

I noticed that it crossed VERY briefly (an hour or 2) into $2.99 land before returning to $3.01 land.

http://www.kitconet.com/charts/metals/base/t24_cp180x150.gif

I have the impression that Copper is nowhere near as highly manipulated as Gold and Silver. If it is, nobody talks about it.

They just call it "Dr. Copper".

I've grown used to Copper pennies being worth at least 2 cents (of Copper). There's about 150 pennies per Pound.


Sometimes I wonder if all the talk about charts means 1 thing mainly - that we like watching charts and talking about them.

[Son-of-Liberty]

Honestly I don't know if it means anything.

It is insane though that all the markets including gold are selling off at just the mention that QE might slow down if the economy improves. The markets are a bunch of drug addicts addicted to artificial liquidity.