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OK. I think I've got the recent low in copper. There's been another rally off the 3.54 level. This is the third rally off this level. My average price is 3.57. My target is the old highs at 4.30. I'm also holding some FCX, SCCO and SFR.asx. In total, about 6% of my account has been allocated to copper. This is a conservative allocation as I'm 50% cash. I don't like TECK as the price doesn't seem to move in concert with the POC.[ATTACH=full]164222[/ATTACH]I'm not expecting a quick result. IMHO it may take a year to get there. Hoping there's no world war in the meantime.
OK. I think I've got the recent low in copper. There's been another rally off the 3.54 level. This is the third rally off this level. My average price is 3.57. My target is the old highs at 4.30. I'm also holding some FCX, SCCO and SFR.asx. In total, about 6% of my account has been allocated to copper. This is a conservative allocation as I'm 50% cash. I don't like TECK as the price doesn't seem to move in concert with the POC.
[ATTACH=full]164222[/ATTACH]
I'm not expecting a quick result. IMHO it may take a year to get there. Hoping there's no world war in the meantime.
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