Friday, October 1, 2010

copper rises


OK so there are many people buying gold now. There are some buying silver, but few are looking at copper. Fact is copper hit a two year high on a weakening dollar and our currency crisis. It is not considered a precious metal, but is used in coins. Take a look at our penny. Actually it is 98% zinc. However, the pretty surface is copper. Also, there is much copper use in wiring. This means the orange metal is an industrial metal that is common. For example used in electrical motors that will soon replace gas engines.

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