charts thoughtsIf you do a chart comparison of FCX SCCO XME COPX to IVPAF, we have done better over the last three months than the others, but not by much. We are basically back to the trend line. Personally hoping we therefore have more to go. Copper did break out last Friday, and dragged the copper miners with it. Overall all market coming to a rough patch(?) election year, and covid. August selloff? On the bright side with the worlds currency printing presses going full bore Copper should gain value, it is a better hedge against inflation than gold. Once money velocity picks back up so should inflation. Dollar roughly 2 + percentage lower in the last year. Couldn't think of a better place to leverage this position than with IVPAF.
We are in a good place relative to the life cycle of a mine.
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Back to lurking