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.
😬 nooooo jinxing!
Go copper!
No jinxing 👍👍👍
But I do lift my hat off for you consistent copper call.
$4.80 is an obvious target in a very short order.
They are going to whack Doctor Copper with higher interests rates.
You don’t understand what doctors do.
Try whacking copper when shelves are empty at the warehouse.
A potential panic of near empty shelves can be contained by flooding the system with paper future contracts
This is not the gold market. You can’t just wave with a piece of paper saying “copper” on it to satisfy demand. Unlike in the gold market, this one is physical.
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.