Copper 02 (Nov 12 - Dec 25)

Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Sat Jun 25, 2016 10:41 am

This Metal is Gearing Up for a Rally

By Jeff Clark

Copper is gearing up for a rally.

We last discussed copper in Growth Stock Wire last November. Back then, the metal traded for about $2.10 per pound. And the chart looked bearish.

I told readers to avoid the temptation of buying the beaten-down metal. As I wrote…

The best the copper bulls can hope for is a period of consolidation – where the price of copper chops back and forth in a tight trading range for several weeks. The worst case is a move all the way down to the support line of the 2009 low.

As it turned out, the “best” situation happened. Copper has been consolidating in a relatively tight trading range for the past seven months.

Source: The S&A Short Report

http://dailytradealert.com/2016/06/24/t ... r-a-rally/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Wed Jul 20, 2016 8:08 pm

This Metal Is Approaching 'Buy' Territory

By Brian Weepie

Gold is up more than 25% from its December low.

But as regular Growth Stock Wire readers know, I've shared the reasons why silver and platinum would outperform gold in the past few months.

In March, an ounce of gold cost more than 80 times the price of an ounce of silver. That was the highest level in the gold-to-silver ratio since 2008. Since then, gold has rallied 10%… But silver has jumped more than three times as much (32%).

Last month, an ounce of gold traded at a 20% premium to an ounce of platinum. That hadn't happened from 1990 to 2015. Platinum is almost always more expensive than gold. Gold is up 6% since my June 24 essay, but platinum has climbed 13%.

Right now, we're beginning to see a similar relationship between gold and another metal…

The chart below shows the relationship between gold and copper since 1990.

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Today, the gold-to-copper ratio sits around 600. That means for every ounce of gold, you can buy 600 pounds of copper.

As you can see, the ratio has only been this high one other time in the past 26 years – just after the real estate bubble burst in February 2009. The ratio peaked at 707. At that time, gold traded for a little more than $1,000 an ounce, while copper cost $1.42 per pound.

The ratio peaked again in October 2011, reaching 542 before starting to fall. Copper outperformed gold by nearly 35% over the next two years as gold tumbled from its August 2011 peak. Though gold dropped, copper traded 10% higher over this period.

Here's a look at the gold-to-copper ratio since early 2015…

Please Enable Images to See this

The ratio has climbed steadily since last May. Most of its highs have been higher than the previous ones. And its lows have been higher, too.

But we need to be careful… The chart doesn't mean copper has turned the corner here.

The ratio has fallen from about 640 to 600 over the past week. This is promising, but we've seen it before. In order to confirm that copper is outperforming gold, we need to see it fall through its previous lows.

First, the ratio needs to break below last month's low of 581. After that, the next confirmation of copper's strength would be a break to less than the lows of 543 in March and April.

If copper is able to break through these levels, that will be our confirmation to buy into the sector. Copper producers like Southern Copper (SCCO), Freeport-McMoRan (FCX), and Nevsun Resources (NSU) will be the main beneficiaries of such an uptick.


Source: Stansberry Resource Report
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Sat Jul 23, 2016 5:16 pm

Traders Should Buy This Metal Into Any Short-Term Weakness

By Jeff Clark

Copper has been consolidating for the past several months. If it can break out to the upside of this pattern – which will take a move to more than $2.43 per pound – then it will open the door to much larger gains.

In the short term, copper has had a great move and is now bumping into resistance. Don’t be surprised if it pulls back a bit from here.

But the longer-term picture for copper is turning bullish. Traders should take advantage and buy into any short-term weakness.


Source: The S&A Short Report

http://dailytradealert.com/2016/07/22/t ... -weakness/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby behappyalways » Fri Aug 05, 2016 5:42 pm

Goldman Warns ‘Supply Storm’ to Engulf Global Copper Market

A storm’s about to hit the global copper market, according to Goldman Sachs Group Inc., which forecasts that the price may slump to $4,000 a metric ton over 12 months as mine supply picks up, producers enjoy lower costs and demand growth softens.


A drop to $4,000 would be a 17 percent slump from Thursday’s close on the London Metal Exchange.


For copper, there’s been solid growth in global mine supply in the first half and that trend is expected to pick up in the coming quarters, according to Goldman.


In July, Barclays Plc said supply may exceed demand every year through to 2020. The month before, Stephen Higgins, who heads Freeport-McMoRan Sales Company Inc., a division of the largest publicly traded copper miner, said more production has come on stream at a time demand growth in China has slowed.


Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... nes-expand
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Mon Aug 29, 2016 7:57 am

Hedge Funds Bail on Copper as Goldman Predicts ‘Supply Storm’

by Luzi-Ann Javier

Inventories monitored by the London Metal Exchange have jumped to a 10-month high.

Supplies are likely moving out of China and into warehouses tracked by the LME, Commerzbank AG said in a report Aug. 24.


Source: Bloomberg

http://finance.yahoo.com/news/hedge-fun ... 00764.html
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Tue Oct 25, 2016 10:02 pm

How to Invest in Copper

There is a pure play option; the iPath Dow Jones-UBS Copper ETN (JJC) is linked to an index that consists of futures contracts on copper.


The two primary options are the Global X Copper Miners ETF (COPX) and the First Trust ISE Global Copper Index Fund (CU).

Both invest in stocks of companies who derive revenue from the sale of copper, though COPX offers more of a pure play on copper miners.


Source: CHQ

http://commodityhq.com/commodity/indust ... ls/copper/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Thu Oct 27, 2016 7:39 am

vested

The Best Risk-Versus-Reward Trade in the Market

By Jeff Clark

Traders who buy copper right here at $2.09 per pound can set a tight stop on the trade at $2.07. If the support line doesn’t hold and copper breaks down from here, traders can exit the position for a small loss.

On the other hand, if the support line holds and copper bounces from here, it will likely move back up toward the resistance line at $2.22. That would be a gain of more than 6% from Friday’s closing price.


Source: The Growth Stock Wire

http://www.thetradingreport.com/2016/10 ... he-market/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Sat Nov 12, 2016 9:41 am

This metal is vulnerable to a sudden decline

Source: Daily Crux

http://thecrux.com/top-trader-this-meta ... n-decline/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Tue Nov 15, 2016 3:24 pm

World's Largest Copper Miner Cuts Premium on Delivery Price to China by Over 0.25% Next Yr

Codelco, the world's largest copper miner, cut its premium by more than a quarter on cooper sold to China next year, registering the lowest premium since 2009, Reuters reported.

Rodrigo Toroat, senior vice president of business, said the actual delivery price to China next year was US$72 a tonne above London Metal Exchange (LME) benchmark price and below US$98 a tonne this year.

Source: AAStocks Financial News
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Fri Nov 18, 2016 11:58 am

Copper has 40% plus upside starting now

Source: Daily Crux

http://thecrux.com/copper-has-40-plus-u ... rting-now/
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