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Message: Copper

In the meantime- both copper and gold are rising to new recent highs- copper at 2.87- was nearly at 2.90, gold in the 1330s. I realize both are volatile but the structural outlook for copper eventually reaching much higher is very good. And it's what we've got. I would also think that serious investors would be looking at the long term outlook- even decades ahead and not care much about day to day fluctuations. But, human nature being what it is, I do think an impressively rising POC creates buzz and momentum, excitement and interest and would make a deal more likely. I have said before that I think if the POC reaches 3.40 a deal will follow. I hope it reaches that level- it seems dependent in the short term on those China trade talks- so hopefully there will be a good outcome there. And then I hope my prediction is accurate. Because that's what's needed to begin drilling. And ultimately  it doesn't matter how valuable the metal if it remains undrilled. Drill.

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Feb 21, 2019 12:35PM
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