Tonight's Topic: Can You Spare 5¢?
ANSWERS = [ C - B - A|B ] = [ C - B - A ] or [C - B - B ]
Rated: TV-PG
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-- The ever-delightful Shelley [KF7TBA] and just plain old LW [K7LWA] (email K7LWA.INS@gmail.com).
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In the past couple of days, the metal commodity of nickel has traded at the highest prices since 2015.
Much of this trading activity has resulted from optimistic future Electric Vehicle sales "predictions".
Accordingly, we offer for your approval, 3 Questions about the metal nickel.
Please choose your answers from any of the 3 (reuseable) Answers of "A", "B", or "C" (if applicable!) for each of the questions.
Good Luck and remember, YOU are always a WINNER with us, regardless of your actual answers!
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++ Can You Spare 5¢? ++
Question #1: What's the ratio of nickel to copper in the (current) U.S. Nickel?
A. 75% nickel and 25% copper, or
B. 50% nickel and 50% copper, or
C. 25% nickel and 75% copper.
Question #2: Despite the current high nickel prices, how much is the U.S. Nickel really worth today?
A. 4.0¢, or
B. 4.2¢, or
C. 4.8¢.
Bloomsberg - Your nickel is still not worth five cents, even as metal surges
by Susanne Barton 11-01-2017 (c) 2017, Bloomberg.
Nickel is all the rage, surging more than 9 percent the past two days to the highest since 2015.
But don’t expect metal hoarders to be cashing in on stashes of nickel coins just yet.
The U.S. nickel, which contains (Q#1) about 25 percent of the metal and 75 percent copper, is still only (Q#2) worth about 4.2 cents, based on calculations using the metals’ spot prices.
Nickel climbed 4.1 percent to $12,758 a metric ton at 4:26 p.m. on the London Metal Exchange Wednesday.
Copper rose 1.2 percent to $6,898.75 a ton.
Nickel would have to surge a lot further to bring the coin to face value, and some analysts are already questioning the rally. (YAWN!)
[SOURCE: Bloomsberg - Your nickel is still not worth five cents, even as metal surges ]
Question
#3: Do you currently have a
U.S. Nickel in your house? Yes or No (both answers will
count as correct)?by Susanne Barton 11-01-2017 (c) 2017, Bloomberg.
Nickel is all the rage, surging more than 9 percent the past two days to the highest since 2015.
But don’t expect metal hoarders to be cashing in on stashes of nickel coins just yet.
The U.S. nickel, which contains (Q#1) about 25 percent of the metal and 75 percent copper, is still only (Q#2) worth about 4.2 cents, based on calculations using the metals’ spot prices.
Nickel climbed 4.1 percent to $12,758 a metric ton at 4:26 p.m. on the London Metal Exchange Wednesday.
Copper rose 1.2 percent to $6,898.75 a ton.
Nickel would have to surge a lot further to bring the coin to face value, and some analysts are already questioning the rally. (YAWN!)
[SOURCE: Bloomsberg - Your nickel is still not worth five cents, even as metal surges ]
A. Yes, or
B. No.
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++ QUOTE OF THE DAY ++
While “we envisage very good long-term prospects for nickel,
thanks in particular to electric cars, the latest price rise is
premature,”
Commerzbank said in a note to clients on Wednesday.
“After all, supply and availability are very good at present.”
[SOURCE: Bloomsberg
- Your nickel is still not worth five cents, even as metal surges ]
Commerzbank said in a note to clients on Wednesday.
“After all, supply and availability are very good at present.”
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BLOG LINKS: Insomniac-Net Questions -- Friday[44], Nov 03, 2017 -- Can You Spare 5¢? Insomniac-Net ANSWERS -- Friday[44], Nov 03, 2017 -- [ C-A-A|B] |
Please include you name, Callsign, and those correct answers.
Good luck everyone!
Shelley [KF7TBA] & LW [K7LWA]
K7LWA.INS@gmail.com
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Next Week: La Niña
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Thank you!
Shelley [KF7TBA] & LW [K7LWA]
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INS2017[44]-11-03 2017-307
Posted 2017-11-04 14:00PT
- 30 -
Posted by K7LWA.INS at 2017-11-04 14:00 PT USA
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