Don’t rule out the US markets and PM stocks moving together
Today we bring on LPG to discuss his investing strategy when it comes to precious metals stocks. We first chat about the US markets and how there is the potential of a run up that many people are discounting. While investing in the equity markets could make some money we also look at how investors can take advantage of this pullback in resource stocks to prepare for the next move up.
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It is going to trend higher for a long time.
http://stockcharts.com/h-sc/ui?s=%24COPPER&p=W&yr=3&mn=0&dy=0&id=p17937866554&a=485477620
It will be interesting to see how it deals with resistance in the 2.40s…
http://stockcharts.com/h-sc/ui?s=%24COPPER&p=W&yr=2&mn=9&dy=22&id=p21522282893&a=453756421
Copper also looks fantastic when priced in gold:
http://stockcharts.com/h-sc/ui?s=%24COPPER%3A%24GOLD&p=W&yr=5&mn=3&dy=0&id=p49397623484&a=385074126
The monthly chart (if you can see it) is also looking much better than it has in years:
http://stockcharts.com/h-sc/ui?s=%24COPPER&p=M&yr=16&mn=0&dy=0&id=p73451193871&a=478569189
Thanks for the input & charts on Copper Matthew. There are a number of Copper/Gold companies or miners that have a nice Copper kicker that will benefit from this trend.
LPG – good points from you and Cory regarding the better response from the marketplace from companies releasing positive news flow like drill results, PEAs, Feasibility studies etc…. It’s a welcome change from the last few years of the bear market where positive news was disregarded for the most part.
Sounds good for MUX who has a 20 billion pound copper deposit in Argentina.
Copper is acting phenomenally well. Today marks twelve straight days up and a new 52 week high:
http://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=1&mn=3&dy=0&id=p09477387782&a=451232211