Copper - Tariff affect ?

Discussion in 'Commodity Futures' started by syswizard, Jun 15, 2018.

  1. themickey


    Last edited by a moderator: Jun 15, 2018
  2. I thought only aluminum and steel has the tariffs applied - not copper.
  3. Handle123


    Many of the companies near the border here in West Texas are shaking in their shorts cause they buy their copper from Argentina and Mexico(two of lowest wages for mining and less than half of what Chile miners make). El Paso had Asarco smelter since 1888 and they could not compete/had to close cause foreign countries pay reduction in wages. Where is the equality of trade? Been long Copper since January 2016 and staying long and always looking to add.

    One way to get Mexico to pay for the wall. Yes, those who don't live along the border generally against the wall, it is always someone else's problem belief. But doing the same job in Nebraska getting $70,000 a year, here in El Paso gets $30k and doubtful of medical. If you don't work for Federal Gov here, wages are very depressed. Estimated per capita income in 2016: $20,655, to receive Snaps(food assistance) a family of four make under $32,630 can qualify. And why are jobs pay so low, anyone want to guess? So when you think the "wall" does not have anything to do with you or security, you keep working to support folks along the border.

    I am all for tariffs.
    volpri likes this.
  4. volpri


    I don’t like the scumbag globalists. They are almost everywhere! ROFLMAO
    ElectricSavant likes this.
  5. treeman


    Yes, we should split into even smaller human tribes further stratifying our differences. That’ll end well. *shrug*
    piezoe likes this.
  6. 2 big bars down in a row...this move has just gotta be related to the tariff war.
    That being said, HG has plenty of support at 3.03-3.10.
    daniel5198 and treeman like this.
  7. Oh how the metals markets have been hammered.....thanks to Trump.
  8. themickey


    I like commodities being hammered, just makes for nice entries further down.
    We complain about S&P500 for example being overpriced and therefore a reluctance to go long.
    Not so metals, they go up a while, then hammered down to allow bite after bite.
    Every time metals go down, spooks lots of people, prefer that to a complacent ever rising bull market.
    vanzandt likes this.
  9. vanzandt


    Isn't there an old adage... "as goes copper, so goes the market"?

    Lithium stocks are cheap on a sole JPM report about (a future) over-supply. SQM and ALB are down significantly off their highs.
    #10     Jun 27, 2018