TimimgDespite all the noise over the trade war with China and recessions etc, the price of copper
looks to me like it is responding to a supply supply/demand crunch. This factor is over
shadowing the bad news narrative that so many investors are buying into and keeping
copper stocks at depressed levels. Given that scenario, I suspect once the lid comes off,
there will be a buying panic and if your'e not in and positioned, you will be in shock at the
speed the market will move. The timing looks to me not far off. Markets have a way of
turning suddenly where one day there are only bids and no sellers just like there are times
when the opposite happens. TKO is my copper proxy and I have no plans in blowing it
off for some dinky little daytrading profit. Florence will be coming on line at the perfect time
and as for financing, banks will be standing in line once they see the sales contracts in
hand.
MS: have a great weekend everyone.