[BC] copper to the moon Alice!

[Kevin C. Kidd, CSRE]

Hey Chuck,

When did the copper fixing take place?  I remember silver 
and gold going sky high around 80 but not copper.




At 07:09 PM 6/14/2006, Chuck Lakaytis wrote
You need to keep in mind that the last big antitrust case 
that led to
convictions and huge monetary penalties was the fixing of 
world copper
prices by the huge mining companies.

And we should never forget Nelsen Bunker Hunt and his 
attempt to corner the
silver market.  I think that one ended when Kodak, who held 
huge reserves of
silver for film manufacture, got wind of the attempt and 
dumped large
amounts of silver on the market.

Chuck Lakaytis
CML Broadcast
Anchorage, AK


-----Original Message-----
From: broadcast-bounces at radiolists.net
[mailto:broadcast-bounces at radiolists.net] On Behalf Of 
Kevin C. Kidd, CSRE
Sent: Wednesday, June 14, 2006 3:40 PM
To: Broadcasters' Mailing List
Subject: Re: [BC] copper to the moon Alice!


To da moon...

   From about 30 days ago, COMEX is down almost $1/lb but
suppliers aren't following the market now.  I talked to a
couple of copper suppliers today that say that the drastic
drop in the past 30 days has got everyone scared.  Some
lost a bundle when it spiked up and are trying to
recoup.  Some are just greedy.  Some think that it will
spike back up.  I think the operative term here is
collusion.

A long time supplier that I trust says that the copper
market MUST crash.  It may be this week or next year but it 

can't keep going at the breakneck pace of the past year.

Current copper prices are speculation driven.  When prices
started going up, suppliers bought inventory _speculating_
that copper was going up. Correctly so. Metals
_speculators_ saw the tremendous demand increase and
started buying futures/options etc.  And the demand
increased.

Repeat as often as possible.

Hurricanes, most of the US scrap going to the far east and
some US mills shutting down certain products hastened the
effect.

A local scrap yard is still offering $2.50+/lb for scrap
copper.  I have nice shiny new copper wire in my warehouse
that I could scrap and see a good profit.

I was told yesterday that Andrew and Cablewave had started
a market driven copper surcharge on line orders.

Copper thefts will continue to increase at tower sites till 

the market stabilizes...

Later,



At 05:14 PM 6/14/2006, Rob Atkinson wrote
Okay Jackie Geason never mentioned copper, but I heard last 

night that the price of wire has gone to the moon.   I
heard 500' of 12 gauge is 90 bucks; 500' of no.14 solid is
over $40 at your typical big box store (this is the stuff
-- 

Kevin Kidd, CSRE
WD4RAT
mailto:kkidd at kkbc.com

KK BROADCAST ENGINEERING
http://www.kkbc.com

AM GROUND SYSTEMS CO.
http://www.amgroundsystems.com

51 Ridge Ln
Lawrenceburg, TN 38464
Local:        931-766-2999
Nation Wide:  877-766-2999
FAX:          931-766-3974



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_______________________________________________
This is the BROADCAST mailing list
To send to the list, email: broadcast at radiolists.net
For sub changes, archives and info on this other lists: 
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-- 

Kevin Kidd, CSRE
WD4RAT
mailto:kkidd at kkbc.com

KK BROADCAST ENGINEERING
http://www.kkbc.com

AM GROUND SYSTEMS CO.
http://www.amgroundsystems.com

51 Ridge Ln
Lawrenceburg, TN 38464
Local:        931-766-2999
Nation Wide:  877-766-2999
FAX:          931-766-3974