Copper on fire, GOLD and NWST new CEO coming....hi all, well from my last post on this site for Northwest Copper we have some good updates. As for GOLD you can see we are above $2300 as the new normal now and my targets were blown out of the water. April was a very good month for all major gold producers. As for Agnico Eagle here comes that $100 target soon. Now looking at Copper......wow this metal can see a record making or should i say history in the making of $6 a lbs. Thats right now is the time for this metal to make some noise and everyone is forgeting how important Copper is right now! Take a look at this chart and we are just starting as $5 target is on the horizon and we did hit this once on a post i made years ago. We are so boring to watch right now on copper but not in the past few weeks. see the chart below
Now as for the price on Northwest Copper with all the history behind us and a new CEO coming. Be ready for my target from a month ago of .21 cents. Honestly once Copper hits $5 the mania phase will start and this junior is up for grabs. With all the GOLD and HIGH grade copper from one hole at 33% copper grade on kwanika this junior owns it all. Five major projects and over $200million invested in all its history. The market cap is so low and ready for any major looking to start the bid war or bargain take over. So right now i can see at least .40 cents move and this stock with new management team with CEO surprise will help the new valuation. We need copper to hit $5 and with any news updates on the drilling and lbs in the ground as a shock to the market can help Northwest Copper move high and fast.
see the latest chart on Northwest....now is the time to buy when everyone else is looking the other way!
Now as for Copper price is China helping at all? I would say yes..watch this video and think about the eporting...