Wednesday, September 28, 2011

Dr Copper

You had me down, twenty one to zip
Smile of Judas on your lip
Shake my fist, knock on wood
I've got it bad, and I've got it good
--Robert Palmer

Copper is often referred to as 'Dr Copper,' because it is said that the metal has a PhD in economic activity. The metal has so many uses that copper prices are thought to be a valid forecaster of economic strength.


What is Dr Copper telling us right now?

no positions

1 comment:

dgeorge12358 said...

Precious Metal

The 1909-1982 penny which is 95% copper is worth $0.0213 at the current $3.23 per pound price of copper.

The 1982-2011 penny which is 97.5% zinc is worth $0.0050 at the current $0.86 per pound price of zinc.

Four "new" pennies do not match the value of one "old" penny. Once again, the US coinage has been debased.