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One of the things that is currently troubling me as I running through my investments right now is what will happen with other metals such as copper. Copper has already lost 10% just in the first 2 days of trading on the nymex, and is down significantly since the beginning of december.
http://www.kitcometals.com/charts/co...istorical.html
I am asking this question mostly due to a lack of clarity. We talk about gold so much, I feel like I have a good grip on the fundamentals of gold at this point. I understand why gold has held up even as copper has taken a recent nosedive.
What I'm not so sure on is metals that are not used as reserves, as I'm not sure why copper has lost it's value over the past month. I'm interested in copper most specifically, but also more generally aluminum, zinc, lead, nickel, etc. Is it pretty much hard wired that if we enter a domestic or global recession all these metals will take a tumble as demand eases?
-DemonD
http://www.kitcometals.com/charts/co...istorical.html
I am asking this question mostly due to a lack of clarity. We talk about gold so much, I feel like I have a good grip on the fundamentals of gold at this point. I understand why gold has held up even as copper has taken a recent nosedive.
What I'm not so sure on is metals that are not used as reserves, as I'm not sure why copper has lost it's value over the past month. I'm interested in copper most specifically, but also more generally aluminum, zinc, lead, nickel, etc. Is it pretty much hard wired that if we enter a domestic or global recession all these metals will take a tumble as demand eases?
-DemonD
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