Silver! Who Is On This Train?
- Thread starter NoDrama
- Start date
UncleBuck
Well-Known Member
and silver has gone from about $50 an ounce when this thread started down to about half of that today.
Balzac89
Well-Known Member
Today, as the second largest copper producer in the United States, Kennecott Utah Copper provides about 18-25% percent of the U.S.'s copper needs.[SUP][1][/SUP] Kennecott’s Bingham Canyon Mine is one of the largest man-made excavations in the world.[SUP][citation needed][/SUP] It is one of the top producing copper mines in the world with cumulative production at more than 19 million tons of copper.[SUP][2][/SUP] In 2011, Kennecott produced approximately 237,000 tons of copper, along with 379,000 troy ounces of gold, 3.2 million troy ounces of silver, about 30 million pounds of molybdenum, and about 1 million tons of sulfuric acid, a by-product of the smelting process.[SUP][3][/SUP] Since Rio Tinto purchased Kennecott Utah Copper in 1989 it has invested about $2 billion in the modernization of KUC’s operations. KUCC has also spent more than $350 million on the cleanup of historic mining waste and $100 million on groundwater cleanup.
Balzac89
Well-Known Member
Has your investment in preparation H paid off yet?and silver has gone from about $50 an ounce when this thread started down to about half of that today.
silasraven
Well-Known Member
UncleBuck
Well-Known Member
whoever followed the rawn pawl nuts' advice when this thread was started may as well have just lit half their money on fire.
hell, burying cash in the backyard would have been a better investment.
that's what ya get for listening to morons who deny commodity bubbles.
silasraven
Well-Known Member
whats this mean for trade? up or down???
Balzac89
Well-Known Member
Bubbles are marked by a certain pattern not yet seen here. I would rather have metal than paper in the long term
silasraven
Well-Known Member
here is the trend.
Balzac89
Well-Known Member
Copper way up silver slight bump.
Balzac89
Well-Known Member
That's a regular cyclehere is the trend.one year. it tanks then raises.
silasraven
Well-Known Member
good cycle, sign of a trend.
Balzac89
Well-Known Member
The Dow Jones is blowing a bubble
silasraven
Well-Known Member
hasnt gone below 1400 for a while now so its safe to say its going to stay above 1300 for a whilethis is a bubble.*
that bitch is gonna blow!
Balzac89
Well-Known Member
I personally don't own any gold. More of a silver coin collector. I'm not an economist for sure. I just think gold has the potential to go higher. It's really leveled off. There hasn't been any huge sell offs.this is a bubble.*
that bitch is gonna blow!
