Copper market down over 20% today

[WSHazel]

I don't have a good article for it, but you can look it up. Copper is down over 20% because Trump reversed course on a tariff. I bet people who knew this was coming made a killing. This is what financial markets have become in the Trump era.

[Blues Heron]

1. It's Taco Tuesday every day for these inside grifters

[brush]

2. Yep, some get tipped off ahead of time.

No even gambling...a sure thing.

[Eliot Rosewater]

3. Maga has no problem with the billionaires profiting off of them

As long as they get to tell Women they don’t have rights over their own bodies etc.

There are about 70 million American adults in this country who will do anything to have the power to hurt minorities.

[TheProle]

4. Here's a decent link:

https://www.ft.com/content/b78c3f66-69db-4211-a697-58211e5c9a39

US copper prices tumbled after President Donald Trump surprised markets by exempting refined material from steep new tariffs on the metal.

The White House said on Wednesday it would impose 50 per cent levies on semi-finished products, such as copper pipes and wires, and so-called derivate products, such as pipe fittings and cables.

However, the US excluded “input” materials, such as copper ores and concentrates, instead subjecting them to new rules governing where they could be sold.

Natalie Scott-Gray, senior metals analyst at StoneX Financial, said the new rules and focus purely on semi-finished products amounted to a “massive market surprise”.

[ImNotGod]

5. Silver dropped about 4 bucks an oz the last few days. nt

[Mosby]

7. No it didn't.

33.24 USD -2.04 (-5.77%)past 5 days

33.26 USD +6.33 (23.49%)year to date

[Mosby]

6. Copper Prices Decline on Surprise U.S. Tariff Exemption

Copper prices fall as the U.S. introduces a surprise exemption for refined metal in its copper products tariff. LME three-month copper is down 1.1% at $9,622.0 a metric ton. Prices on U.S. commodities exchange Comex plummeted more than 20% on the exemption news, which will have left some U.S.-based commodity trading funds long on physical metal, SP Angel analysts say in a note. Traders had spent months directing flows of copper into the U.S. in order to frontload the expected tariff. This significantly pushed up the U.S. premium for the metal but that is now rapidly unwinding, SP Angel says. There has been very little trading of copper within the U.S., so much of the loss from long position holders will likely be on import and storage costs, analysts add.

https://www.wsj.com/finance/commodities-futures/gold-edges-higher-on-possible-position-adjustments-befe075e

[Disaffected]

8. Taco rides again! nt

[uponit7771]

9. 100% someone got some inside info