Copper Prices are set to hit £6500 per ton
Thursday 17 October 95234 Shares
The price of copper has a special (read: strategic) meaning in the context of markets. It is associated with the state of the economy, acting as a barometer of economic strength, hence its alias “Dr. Copper.” What is our copper price forecast for 2017? That is a great question, but not an easy one to answer.
Intuitively, one would say that copper would go lower in 2017, with so many unknowns and problems in the world. Think of geopolitical tensions, hardly an economic growth in developed markets, declining employment participation rates, and the likes.
Financial institutions and media have a slightly consistent view as their 2017 forecasts are neutral to bearish:
As always, we rely on charts for our forecasts. We believe the very long term copper chart is helpful to answer above question.
Though copper tends to move in a very volatile way, we consistently see that copper prices have historically traded above or below £3.60. Until 2004, copper was trading below that price level, while that changed after 2004.
In 2017, we believe that the price of copper can do two things:
Fall towards the £3.60 level.
Rise from here onwards.
The line in the sand is the rising trend line which comes in at £2.10 currently (it will be at £5.25 in the summer of 2017). In other words, as long as the copper price remains above that trend line, we believe the price of copper will go higher or stabilize in 2017. However,
Women no longer allowed to drive after 8 pm A new law will go into affect January 2019 prohibiting women from driving after 8 pm in most states. These states to include Missouri and Illinois. This decision comes after several years of studying reports of women drivers and also on crimes against them after 8 pm. Studies show that women are at greater risk in the darker hours. So if your a women and find yourself having to drive at night you will need to find a ride from a male or maybe call uber.
State record catfish caught near starved rock The biggest catfish on record 200 lbs was caught near starved rock. Matt. Mclaughlin . Said he watched Fred ruentner of Mendota Illinois . Fight it for 21/2 hrs before it wore out . Kevin from the lock and damn says he sees them grab turtles. And a rare bald eagle . Any ? May be directed to dnr. 815. 884 5387.
Giant Squid Washes Ashore on Lake Michigan Michigan DNR were called to Leland to the report of a giant squid which had washed ashore. Michigan DNR Marine Biologist Dr. Debra Polowotski arrived at Good Harbor Bay and confirmed the 21 foot-long giant squid to be a very rare fresh-water species of genus Architeuthis. “We thought they were already in Lake Erie, we had no idea they were in Lake Michigan. This is first time there’s been an actual specimen recovered, so this is very exciting”, she said. It is believed that a few of the squid escaped from the Cleveland Sea World complex during the great Northeast blackout of 2003 when they were very young, and somehow made it into Lake Erie. According to Dr. Polowotski, the squid were kept contained in Lake Erie, as the Detroit River is too narrow and shallow for the squid to swim upstream. “They are intimidated by closed-in spaces. They need a lot of room. You have to remember that this is a very big animal”, she said. Dr. Polotwotski also confirmed that the squid is a female and further examination of the corpse indicated that it had recently laid eggs. “Hopefully the walleye can keep the tiny-giant squid population under control, else there is some cause for concern”, said Dr. Polowotski. “Boaters and swimmers really need to exercise some caution”. The animal was discovered by Bob Ritchie and his sister Jill, both of Romeo. “We were just, you know, taking an evening walk along the beach, heading out to the sandbar when we stumbled across it”, said Bob. “We were singing, drinking whiskey out of the bottle, not thinking about tomorrow. But something like this really does make you stop and think”, he said. DNR officials removed the animal from the beach and took it to an undisclosed location for further study.
New Laws in VA to Ban Hiding "painted rocks" in Public Spaces A new law goes into effect September 1st 2017 that will essentially make it a misdemeanor to paint rocks. Even more severe, if you are caught hiding "painted rocks" in public spaces you can be charged with a felony and face hefty fines or even jail time. Lauren Painter, a spokesman for the Virginia Public Health Organization states, "Painting and hiding rocks in and around the country is becoming an epidemic. At first it is just once or twice a week. Before you know it, you are skipping meals and staying awake until early in the morning painting." A former "rocker", who wishes to remain anonymous, told reporters that for her it started out as "...fun family activity. After only about a month, I was forgetting to feed my kids, not sleeping, and hiding the "best rocks" from friends and family. State health officials warn VA residence to contact their local law enforcement immediately or call 800-ROCKHLP if they know someone who has lost control because of the new craze.l, especially if there are children involved