IKN

Win us with honest trifles

Copper: Three’s a charm?

No jinxing, but…

…that’s the right end of its recent trading range. The caveat is that we’re now in the period when March Comex contracts are being rolled over to the May contract, so there may be fun’n’games behind today’s pop. However, those thoughts will quickly disappear if copper adds another 10c/lb to today’s price. For the bullish view, check out Andy Home’s latest on copper, here.

PS: The blog is light on posts this week, as for some reason I’ve found myself interested in doing my job instead of playing around online. It won’t last.

10 Comments

    😬 nooooo jinxing!

    Go copper!

    Reply

    But I do lift my hat off for you consistent copper call.

    Reply

    $4.80 is an obvious target in a very short order.

    Reply
    A Beaten Down Prospectors Cabin In The Woods The Deep Dark Woods of British Columbia 10/02/22 10:29 am

    They are going to whack Doctor Copper with higher interests rates.

    Reply

    After oil, copper is the second best short out there presently. 60 oil by year end and a nice short term 20% drop in copper from here.

    Reply

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.