Copper

[Bullitt]

FCX now at $44 - and it doesn't help to think that I was considering this one in April/May 2020. I've had more bad luck than good with commodity type stocks so shied away from this one. Even if I did get in at around $10, I'm sure I would have sold by now though.

 

[Bullitt]

FCX is the best mining company for copper and it has been going crazy. The run-up looks very familiar to 2009. Back then everyone was saying pretty much the same thing - inflation is coming down the road. Those dire predications were wrong.

 

[Bullitt]

Copper at highest levels since 2013 after renewed China buying.

 

[Bullitt]

Copper now flashing a warning, especially after today. Commercials (green line at bottom) selling it hard at those higher prices.

 

[Bullitt]

Copper, an economic bellwether.

Break out and small re-test this week sending it's message. $3.00 is a psychological magnet.