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Old 04-17-2013, 11:43 AM   #21
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Copper is now sitting right at the 3.2 support. If it fails there, we're at 3.0 in a rush.

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Old 04-18-2013, 05:37 AM   #22
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Copper touched 3.05 overnight in Asia. It has recovered to 3.155 but the important support at 3.2 is broken. My guess is that we're gonna be at 3.0 again soon.
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Old 04-18-2013, 08:39 AM   #23
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A) This is yet another bearish indicator for the global economy. I for one really don't want to go through another 2008 scenario.

B) What is the cost to mine for copper? At what spot price would copper miners not be able to mine profitably?
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Old 04-18-2013, 08:48 AM   #24
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The massive buildup in warehouse inventory at the LME is a very bad sign for the world economy.
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Nice breakout formation for gold and silver swissaustrian PM Bug 14 12-13-2011 09:26 AM


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