Category: Copper
The analysis published under this category are as follows.Thursday, April 17, 2014
Copper Is Pathological and Suffers from SAD, but It Has Value / Commodities / Copper
Dr. Copper may be in a supercycle, but there are serious problems. In this interview with The Gold Report, Salman Partners' Vice President of Commodity Economics Raymond Goldie explains why even though the base metal acts pathologically and has a bad case of seasonal affective disorder, these six equities are priced below their intrinsic value.
The Gold Report: You are giving a presentation at the Society for Mining, Metallurgy & Exploration Current Trends in Mining Finance Conference called Diagnosing the Doctor, which refers to assessing the supply and demand problems for Dr. Copper as a way to understand what is ailing all the mining products today. Are we in a supercycle? What is the meaning of a sustainable supercycle?
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Wednesday, March 26, 2014
Depressed Copper Prices Presenting Perfect Buy-Low, Sell-High Opportunity? / Commodities / Copper
Mohammad Zulfiqar writes: By now, you have probably noticed one phenomenon: the speculations regarding China’s growth are increasing each day. Turning on the TV or flipping through the pages of the newspaper, you’ll likely hear and read all about how the second-biggest economic hub in the global economy will tumble.
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Wednesday, March 19, 2014
Copper Capitulation / Commodities / Copper
Copper lost an additional 4.50% last week bringing the three week loss to a total of 9.68% - the biggest three week drop since October 2011. Thursday’s intra-day low of 2.99 was only 0.03 from my price target of 2.96.
The Coppock Curve (not shown) has reached a level seen at previous bottoms in copper. Given the proximity of last week’s low to my price target and the explosion of volume in the copper ETF, JJC, I’d say that was the bottom of the decline in copper. However, if 2.96 is broken, all bets are off!
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Monday, March 17, 2014
What’s Happening in the Copper Market Should Alarm You… / Commodities / Copper
Sasha Cekerevac writes: There is something going on right now in the copper market that should alarm you. Over the past week, the price of copper has plunged, recently hitting a four-year low.
Why should this matter?
Most investors and analysts are placing bets that economic growth is about to re-accelerate globally. Never before has the world been so interlinked, so we must pay attention to what is occurring internationally.
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Wednesday, March 12, 2014
Copper Price Crash / Commodities / Copper
It seems like yesterday that we were being constantly barraged with stories in the media of vandals ripping up and stealing copper pipes, wires, etc. from housing projects, airports and the like. With the price of copper down over 40% from its peak in 2011 those stories are few and far between.
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Monday, March 10, 2014
Copper limit Down in Full Crash Mode, Commodities in Peril / Commodities / Copper
DBA has just completed a 65.6% retracement of its previous decline. This is a typical bear market rally propelled by shorts having to cover. This is why shorting the market can be a zero sum game, if profits aren’t taken early. On the other hand, this presents another opportunity to short agricultural products. The decline may be breathtaking, as DBA goes into a Primary Cycle decline.
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Saturday, November 09, 2013
Copper Demand Catch Up / Commodities / Copper
Until roughly 12,000 years ago - at least 90 percent of our history - we humans eked out a living by hunting and gathering. Our hunter-gatherer ancestors were replaced by farmers and herders who crowded into villages following the invention of agriculture.
Over the last 200 years a major resettlement pattern has emerged:
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Saturday, May 25, 2013
Riding A Copper Commodity Horse / Commodities / Copper
My last article, 'Give It A Doubt' was about population growth, urbanization in developing countries and the one billion people predicted to join the consuming classes by 2025.
"One billion people will enter the global consuming class by 2025. They will have incomes high enough to classify them as significant consumers of goods and services..." McKinsey Global Institute, Urban world: Cities and the rise of the consuming class
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Sunday, April 28, 2013
Bad News for Copper Bulls, Trouble in China / Commodities / Copper
Jason Jenkins writes: There’s been a lot written about gold over the past two weeks and with good reason. But let’s be clear about something…
In our current environment, governments printing absorbent amounts of money will not translate into high inflation. And if you play gold strictly as an inflation hedge, you will get burned.
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Tuesday, April 23, 2013
Why Commodities Traders Are Hoarding Copper / Commodities / Copper
Tony Daltorio writes: The only thing that investors have heard recently about the copper market is that there is vast oversupply ahead as evidenced by a buildup in copper warehouse inventories globally.
Inventories at LME (London Metals Exchange) warehouses have risen in excess of 190% since October alone. Inventories are now at levels not seen since 2003 at more than 590,000 tons.
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Thursday, April 04, 2013
How to Double Your Money by Investing in Copper / Commodities / Copper
Copper prices are up 170% over the past four years - meaning huge profits for anyone who has been investing in copper.
But now many investors are bailing on the red metal. Prices have slipped about 9% this year, and inventories are soaring.
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Monday, March 18, 2013
Copper New Move Up In The Making? / Commodities / Copper
The last time we analyzed copper, we were buying at $3.75, anticipating an upside rally to the $4 area. Next day, we were stopped out with a few cents loss, and price has dropped recently to as low as the $3.47 area. Based on the speed of the decline and the heaviest volume along the way down, copper should drop even further, or so one might think.
Past history on a chart is important, but the most important part of all is the present tense developing market activity because it is the culmination of all previous efforts. We take another look at what the market is saying about where it may be headed.
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Tuesday, February 26, 2013
Copper An Early Warning Sign for a Pullback in Stock Prices / Commodities / Copper
Jeff Clark writes: Copper dropped 5% last week.
The metal has long been viewed as a leading indicator of stock prices. Investors should pay attention, because when copper catches a cold, the stock market gets the flu. And last week, copper sneezed...
Sunday, February 24, 2013
Copper – Huge Sell-Off. Who Is Doing The Buying? / Commodities / Copper
Market activity rules! It is the basis for understanding the motivation for all moves, up or down. If you want to know what smart money [controlling influences] is doing, watch when volume activity picks up, especially at highs and lows for that is when a transfer of risk from weak into strong hands occurs.
You do not have to pay attention to news, what others are saying about the market. You get far more accurate, and current information on where the market is headed by reading what the market is saying about others. This comes in the form of price/volume behavior. Smart money is very deft at hiding their hand. They move much larger positions, so it is during high volume activity when one can best determine when they are active, and what they may be doing.
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Sunday, February 17, 2013
Copper Poised For Breakout While Gold And Silver Falter / Commodities / Copper
One concept to keep in mind when making a trade selection is that of relative
strength. Given the choice of two or more trade candidates to buy, always go
with the strongest performer. When selling, always sell the weakest one. This
is a simple factor that often gets overlooked. Go with proven strength. Go with
anything that is proven or confirmed. The odds are then in your favor.
Tuesday, February 12, 2013
Big Move Ahead for Copper / Commodities / Copper
Brian Hunt writes: Commodity traders take note: copper is now in a "compressed" state.
Back in August 2011, we highlighted the compressed state of the euro. This is a situation where an asset's day-to-day volatility gradually dries up and the highs and lows move closer together. These low-volatility periods are often the calm before a storm.
Wednesday, February 06, 2013
How to Profit From A Potential Doubling in Copper Prices / Commodities / Copper
"I think copper has at least 50% upside from today's price..." legendary analyst Adrian Day told me recently.
"I wouldn't be surprised to see the price double by the end of the decade."
When Adrian talks commodities, I listen... He's written his Global Analyst newsletter for over 25 years. At one time, it was one of the most popular investment letters in America, with over 60,000 subscribers. And for a decade now, he has focused on commodities for customers of Adrian Day Asset Management.
Sunday, February 03, 2013
Copper – Upside Breakout. Gold/Silver To Follow? / Commodities / Copper
The unshiny metal may be outshining its other metal cousins as its price has an upside
breakout. As with any potential move, it remains potential until confirmed by the next
successful retest. This is true for any move in any market. Confirmation is a critical and
overlooked aspect in price activity. While there is no clear correlation between copper,
relative to gold and silver, there is an occasional lag/lead aspect to them, and it may be
that if this upside breakout holds, it can only help gold and silver.
Monday, December 31, 2012
Big Move Ahead in Copper ETFs and Stocks / Commodities / Copper
With 2012 now behind us it’s time to start looking for some new long term investments which have big potential gains in the new year. Copper is one metal that has caught my eye.
The long term monthly chart of the copper ETF JJC shows a potential cup and handle pattern accompanied with bullish volume characteristics. Last year copper traded sideways in a narrowing range. This type of price action tends to bore traders and investors forcing them to look elsewhere for new to trades. The saying is “If the market doesn’t shake you out, it will wait you out”
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Wednesday, November 14, 2012
Why Copper Is a Critical Metal / Commodities / Copper
Copper is often referred to as "Dr. Copper," the metal with a Ph.D. in economics. Yet most analysts don't view it as a critical metal. In this interview with The Critical Metals Report, Mickey Fulp, author of The Mercenary Geologist, gives his thoughts on why the experts are wrong and why copper should be considered a critical metal.
The Critical Metals Report: In the past, there has been some confusion about the term "critical metals." What do you consider to be critical metals and why?
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