Black Monday

[Valuegrowth]

For now, it seems cooper prices have peaked. Mr copper is following stocks. China’s slowdown is also putting copper prices down. Assets price may drop like hot potatoes if things get worse.

https://www.tradingview.com/symbols/COPPER/

Copper chart

[Daytr]

For now, it seems cooper prices have peaked. Mr copper is following stocks. China’s slowdown is also putting copper prices down. Assets price may drop like hot potatoes if things get worse.

https://www.tradingview.com/symbols/COPPER/

Copper chart

Yes pretty big fall.
Warehouses are full as China has pulled back from buying, but that can't last.

[Valuegrowth]

Yes pretty big fall.
Warehouses are full as China has pulled back from buying, but that can't last.

You’re right. Any way copper also has volatility. Copper priced dropped heavily from 1982-1986. Then in 1991-2002. Huge uptrend began in 2003. Stright up until 2006. From there some volatility until 2008 before the huge fall until beginning of 2009.Rally began again until 2011 and then dropped until 2016 before the volatility until 2020. From there another rally until 2022 hitting all time high. New all time high hit in 2024. From here there is a chance to move copper prices lower again. It seems copper sell-off is also not far away. Copper value investors are going to get another great opportunity.

https://tradingeconomics.com/commodity/copper

Copper futures fell past $4.3 per pound in July, the lowest in three months, as pessimism over industrial demand in top consumer China continued to weigh on base metal prices. Remarks from President Xi Jinping following the conclusion of the CCP’s Third Plenum refrained from signaling specific stimulus measures to boost domestic consumption in the near term, exacerbating concerns of poor factory demand in the world’s top manufacturing sector and copper consumer. The developments followed concerning factory activity data, with the domestically-focused NBS manufacturing PMI contracting for a second month in June, driving smelters and broader factories to rely on foreign demand for growth, as signaled by the 187% annual surge in copper exports in the period. Consequently, threats of trade barriers from the US and Europe magnified the bearish momentum. In the meantime, copper inventories remained high in Chinese warehouses, driving the Yangshan premium to remain near the 0 threshold.

[troyvdh]

bull....Where are you...

[moka]

It looks like immigration control is on the cards in countries like USA, UK, Australia and Canada to control high cost of householding expenses.

https://torontosun.com/opinion/colum...ts-canada-hard

Trudeau says we're bringing in more people than we can absorb in the middle of a housing crisis and a health system under strain.

The article also says “According to Statistics Canada, we are bringing in people faster than our ability to create jobs. Which is odd because part of the reason we are told we need such high immigration numbers is to fill jobs that Canadians won’t take.

According to the latest jobs report from Statistics Canada, we added 1.1 million people to the working-age population of 15 years of age and older. We added 652,000 people to the labour force, but only 402,000 jobs, meaning we added 250,000 people to the unemployment line.

Already, immigration consultants have been taking to social media to explain how people can bring their brothers, sisters or other family members to Canada by claiming they are coming to look after the kids.”

[jonu]

The article also says “According to Statistics Canada, we are bringing in people faster than our ability to create jobs. Which is odd because part of the reason we are told we need such high immigration numbers is to fill jobs that Canadians won’t take.

According to the latest jobs report from Statistics Canada, we added 1.1 million people to the working-age population of 15 years of age and older. We added 652,000 people to the labour force, but only 402,000 jobs, meaning we added 250,000 people to the unemployment line.

Already, immigration consultants have been taking to social media to explain how people can bring their brothers, sisters or other family members to Canada by claiming they are coming to look after the kids.”

Trudeau is just trying to pivot because he is on the way out. He is as broadly loathed in Canada as Ardern was here. Canada woke up with the truckie protest when Trudeau was fully exposed as an authoritarian prick. (Sound familiar?). Canada will suffer the damage inflicted for years to come, just as NZ is following Ardern. Birds of a feather.

[bull....]

bull."trump convention was good"

How so....If you are intimating that this virtually illiterate compulsive lying profoundly disingenuous multiple bankrupt serial sexual predator narcissist reptile made any sense...please confirm.Grandiose delusional rabid conspiracy theorist racist dumb stupid person ...please confirm.

Oops ...I forgot to mention how he denigrated those Americans who had fallen in battle as saying they were "losers and suckers".

As quoted on FOX news plus others.

Carry on bull.

bull ...are flying back from that nutters convention ? A few issues perhaps with flights coming home ?.

Sorry ..how old are you.

sorry took so long.
obviously your not a trump supporter , but listening to his speech and hearing how he was touched by god and survived nearly brought a tear to my eye as many others had tears as well. I imagine the atmoshere was phrophetic and has the man changed guess time will tell as unity was emphasised. anyway this young fellow needs to get back to making some morning tea money. nothing like a coffee and some choc and buscuits mid morning.
I would be interested to hear how you think kamila will save the democrats

[Panda-NZ-]

sorry took so long.
obviously your not a trump supporter , but listening to his speech and hearing how he was touched by god and survived nearly brought a tear to my eye as many others had tears as well. I imagine the atmoshere was phrophetic and has the man changed guess time will tell as unity was emphasised. anyway this young fellow needs to get back to making some morning tea money. nothing like a coffee and some choc and buscuits mid morning.
I would be interested to hear how you think kamila will save the democrats

What convention? what assasination? the world has moved on. It's like reading through ancient roman history.

[winner69]

Headline says NZ dollar at 11-week low

I see NZDGBP is .4621 at moment …..multi year low from quick look at chart

Just highlights how munted the NZ economy is ….if the Brit’s are doing better than us.

[Panda-NZ-]

Takeovers may be a good thing if we get some competent people in.

Fonterra under NZ Inc for instance... our best and brightest... lets export only milk powder and get rid of all that stuff we can sell for a premium.

Mind you Theo, Nick with the glasses (WHS) no good either.