A question by Anonymous: why this inverse reaction together? are they like “political enemies? somehow? why?
Answers
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“Imagine 2 situations: #1: you have $100, copper costs $2 per ounce, so you can trade your $100 bill for 50 ounces of copper #2: you have $100 (the same number of dollars as situation #1) but copper costs $5/ ounce, meaning if you trade your dollars for copper, you will receive only 20 ounces of copper. In situation #1, the person holding dollars is in a strong trading position and would receive more of the commodity in exchange for the same number of dollars. In situation #2 the person holding dollars has a weaker trading position and therefore would receive less copper in exchange for their dollars. So, a low price in dollars per ounce represents a stronger position for the person with dollars. A high price represents a weak position for the person with dollars.”
Coffee Drinke
“Commodity prices fluctuate by the minute. You must have looked at the chart for today only, because copper is up a decent amount in the last 30 days. The 24 hour and 30-day charts for aluminum, lead and nickel look remarkably similar.”
CVurtis
“Value of the dollar increases the price of products go down been that way in every country that uses one form of currency or another no matter what they call it…”
“Chili & Peru both produce far more copper than the US. Perhaps they have been boosting world supply.”
Emily Patel, Développeuse
“When the dollar strengthens, all of the commodity prices go down. That is normal economics. (And when the dollar cheapens, it takes more dollars to buy the same stuff.).”
“Less copper is now used in US coinage?”
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