On our last interview with Rick I noticed a number of comments on a copper ETF and Companies inside this EFT. When I took a closer look at the ETF it surprised me to see an almost 90% increase year-to-date when the underlying metal is only up 13%. We need to understand that the mining stocks inside this ETF also have exposure to other metals but is also shows the leverage to underlying metals price that stocks (even large mining stocks) possess. Here are the symbols…
- Global X Copper Miners ETF – COPX,
- Lundin Mining Corp – LUNMF & TSX:LUN,
- Nevsun Resources Ltd. – NSU & TSX:NSU
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