cgnao Posted May 12, 2006 Share Posted May 12, 2006 http://news.bbc.co.uk/1/hi/business/4766897.stm The Royal Mint has warned people who might consider melting down 1p and 2p copper coins to think again.With copper prices topping $9,000 a tonne, pre-1992 copper coinage is now worth twice its face value - although newer ones are copper-plated steel. And the US have just unveiled the new nickel. Guess what, it's now nickel plated. Turns out the nickel contained in the current one is worth more than 5 cents. Now that's really forward looking.... http://news.bbc.co.uk/1/hi/business/4315018.stm US unveils forward-looking nickelThe US Mint has unveiled a new design for the country's five-cent piece that breaks with decades of tradition. The coin is meant to embody Jefferson's forward-looking vision Quote Link to comment Share on other sites More sharing options...
oracle Posted May 12, 2006 Share Posted May 12, 2006 This week's TOP was quite easy to call. Mon.: 11,584.54 ......................... : 1,324.66 .................... : 1,715.23 ................... : Tue. : 11,639.77 +55.23 +0.48% :1,325.14 +0.48 +0.04% : 1,711.17 -4.06 -0.24%: Wed.: 11,642.65 + 2.88 + 0.02% :1,322.85 -2.29 -0.17% : 1,694.82 -16.35 -0.96%: Thu. : 11,500.73-141.92 - 1.22% :1,305.92-16.93 -1.28% : 1,657.48 -37.34 -2.20% Fri.. : 11,381.31-119.42 - 1.38% :1,291.05-14.87 -1.14% : 1,635.81 -21.67 -1.31% During the firwst half of the week, loaded up on puts, and now hold the most I ever had. There was a thread on GEI where I called it more or less to the day. Now that it has clearly rolled over, there is a decent chance that we have just seen the high for the year GOLD: We may have just seen the seasonal highs, and the market could slide now into August lows nice,I don't mind the pullback,it gives me a chance to buy on the dips,and with a favourable exchange rate too!!!!.....a little word of warning though,this pullback is mostly about estimates....they got a little too bullish,and in the case of FTSE have the exchange rate to deal with.This is temporary......what me may see is commodity prices rear their heads again in august....but for sterling viewers expect a large pullback in cable........which will help earnings. .....once the world is screaming out for product with limited supply we have the makings of a major bull market...just don't get involved with anything remotely middle-eastern for about a year. Quote Link to comment Share on other sites More sharing options...
AvidFan Posted May 12, 2006 Share Posted May 12, 2006 GOLD: We may have just seen the seasonal highs, and the market could slide now into August lows Hope so Bubb.. Quote Link to comment Share on other sites More sharing options...
needle Posted May 12, 2006 Share Posted May 12, 2006 ...just don't get involved with anything remotely middle-eastern for about a year. ..or ten. The middle east is not the problem. Nor are the "socialists" in S America. These are just the opening salvos in the broader looming conflict with China. All of the countries causing recent problems - Iran, Venezuela, Sudan - have been given serious economic, financial, technological and military help from China. Until Russia is fllipped toward a more western (European) inclination our troubles will continue. Again (like my post on oil last year ) remember, you read it here first.... Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted May 12, 2006 Share Posted May 12, 2006 GOLD: We may have just seen the seasonal highs, and the market could slide now into August lows Are the position of these seasonal highs and lows consistent year by year? May 2005 highest price: $426.90 August 2005 highest price: $447.25 May 2004 highest price: $394.30 August 2004 highest price: $410.60 May 2003 highest price: $372.35 Augusy 2003 highest price: $375.60 (In each case the higest spot price achieved that month is quoted, date supplied by Kitco.) Quote Link to comment Share on other sites More sharing options...
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