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SPROTT RESOURCE HOLDINGS INC T.SRHI

"Sprott Resource Holdings Inc invests and operates, through its subsidiaries, in the natural resource sector. It has investments in oil and gas exploration, production and services, mining and agriculture."


TSX:SRHI - Post by User

Post by sculpin2on Mar 15, 2019 11:37am
164 Views
Post# 29491133

A long-term bullish thesis on copper

A long-term bullish thesis on copper

Is Dr. Copper In A Bull Phase Now?

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1 comment
 
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 Includes: COPXCPERJJCTF
Summary

According to the COT data, during the latest consolidation phase, the speculators trading copper futures significantly reduced their net short position.

A few weeks ago, the price of copper broke above its medium-term resistance.

This move was fueled by the bears leaving the market en masse.

In my opinion, the current leg up in copper prices should be considered an initial and very volatile stage of a new bull market.

A long-term bullish thesis on copper is supported by strong data coming from the copper physical market.

https://seekingalpha.com/article/4249019-dr-copper-bull-phase-now
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