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Copper falls almost a whole $1

Posted on 12/29/14 at 12:12 pm
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 12/29/14 at 12:12 pm
Thats 33% !!! Just thought this was noteworthy. Maybe it's not?

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Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/29/14 at 1:10 pm to
What happened?
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 12/29/14 at 1:23 pm to
I'm still trying to figure out if it's a typo! Kitco continues to show a decrease of around .95 today while CNBC still has copper at $2.81
Posted by Powerman
Member since Jan 2004
162191 posts
Posted on 12/29/14 at 1:39 pm to
Probably a typo

If the value of copper dropped off 33% that abruptly it would be a very bad thing
Posted by mandevilletiger34
Member since Dec 2010
863 posts
Posted on 12/29/14 at 1:59 pm to
didn't they just find some new huge copper mine?
could that possibly have anything to do with it?
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5593 posts
Posted on 12/29/14 at 2:26 pm to
LME quotes look faulty, actual active contract price should be at ~281
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 12/29/14 at 3:13 pm to
Thanks. I figured it was something to do with the quote used, not that I know what LME is.
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