Lab results are not in yet, but the copper price is above support
I own CPER and could have taken a really nice short-term profit. Instead, I held and am not planning to sell now even though it is still profitable. If the copper price loses 4.45/lb. I’ll at least consider it (although the up-trending moving averages lay in wait as more support) because contrary to all the noise out there I am not an inflation tout. Indeed, I expect that one day – sooner or later – the inflation/commodity touts are going to get creamed… again. I am simply gauging and adjusting to the market, inflationary, deflationary, Goldilocks or otherwise.
But first things first; Copper holds short-term support.
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