Copper could go to $8, $20 even

מעודכן
Pushing the price up:

- High demand for EVS, renewable energy production, the Green New Deal, means copper production is below demand and expected to be in shortage for years
- Stimulus spending and inflation of industrial goods
- Producers cannot increase supply fast enough, examples: Freeport CEO "It will take 7-8 years to get new production to the market", "Oyu Tolgoi (Mongolian super mine) is set to bring a further 480,000 tonnes of copper into the market from 2028"

mining.com/web/copper-price-rally-has-echoes-of-supercycle-for-freeport-ceo/
proactiveinvestors.co.uk/companies/news/943728/turbulence-at-oyu-tolgoi-could-help-sustain-an-upward-pressure-on-the-copper-price-for-years-to-come-943728.html

Stopping (or slowing) the price from going up:

- Traders taking profit (short term)
- An end to all the renewable projects
- A total collapse of civilization?


This is what happened with the previous price explosion in the 2000s
תמונת-בזק

As the price consolidates around ATH we might want to bet on the price going up up up in usd terms
תמונת-בזק

I'd just go for the DEC 2022 contract, or a DEC 2022 call:
תמונת-בזק

There is a discount on that contract too (backwardation).

At a price of $4 1 contract = $100,000. A 10% stop is a risk of $10,000.
So maybe we'll just take short term trades on the way up. Unless we all become millionaires in a few months with Cryptos?

There is an e-mini for copper but no one trades that, I don't even know if I have access to this and where/what broker? Plus I don't see DEC 22 :(
cmegroup.com/trading/metals/base/emini-copper_quotes_globex.html

עסקה פעילה
Got in

Remember Copper? Time to buy (not advice)
CopperFundamental AnalysisCopper Futures HG1!inflationMetalsTrend Analysis

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