copper futures, page-6

stfh,

I am trying to be consistent and diligently trying to follow your posts. I know, maybe a fools errand, as its hard to keep track of stuff so I hope to help you.

In another thread earlier you were concerned about the effect suspension was having on your two stressed fiends. I presumed you have advised them to sell. The relevance to futures is simple: point out to them that since they bought their shares the price of copper has increased $2/lb. That helps the economics and value compared to whats in the JORC and would help their psyche. Caring and sharing is one of the features of HC.
Isn't it?

If they thought CDU was a bargain at $2/lb copper...then the extra $2/lb goes straight to the bottom right hand corner. Pass the good good news on to them. Give them a call, better still email the link below.

I didn't see the report about some China issue of over supply - you didn't post a link, but I did note that several major companies, the ones you might expect know something, saying copper was a multi-year shortfall. You may have missed it. As your two friends probably don't have as much spare time to spend on HC, this info added to the $2/lb futures benefit, and increasing, might calm their nerves. A copper shortfall and a much higher futures price- great news hey.

Just Google : "Rio copper supply" and you'll find heaps. here's one..

http://www.bloomberg.com/news/2011-02-13/rio-tinto-forecasts-strong-copper-price-amid-supply-deficit.html

All the best - to have two soon to be more wealthy friends means better Christmas present. :-)