Weak Chinese economy takes toll on copper demand, prices–wait to buy SCCO
China’s copper imports in August dropped by 12.3% from the previous year, preliminary official Chinese customs data showed on Tuesday, September 10. It’s yet another sign that the slowdown in Chinese economy is rippling out into the global economy. Copper...
Wednesday copper price played a little catch up with copper stocks
Copper stocks have been moving steadily higher recently in anticipation of a turn in the eight week downward trend in the price of copper itself. Now the price of copper is showing some of the upward movement that the rally in copper stocks anticipated. For example,...
Watch my new YouTube video: 2 Hedges for All Your Market Worries
I’m starting up my videos again–this time using YouTube as a platform. The thirteenth YouTube video “2 Hedges for All Your Market Worries” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Just so we’re all on the same page: My buy of CPER and KWBW hedges posted yesterday and an add of the KWBW hedge to the Jubak Picks Portolio today
Call this making sure we’re all on the same page. Yesterday in my YouTube video and in my latest addition to my Special Report: “Profit and Protect” I added the U.S. Copper Fund ETF (CPER) and the Invesco KBW Bank ETF (KBWB) to my Perfect Five ETF...
The tide rises–Treasury yields climb again and so do inflation plays
As of the close in New York today, February 22, the yield on the 10-year Treasury had climbed another 3 basis points to 1.37%. Commodities that can act as inflation hedges were up as well. Copper showed no signs of ending its climb, rising 4.17% today to $8909 a ton...
Watch my new YouTube video: “Avoiding Di-Worsification in 2021”
I’m starting up my videos–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Copper meeting bullish on projected supply deficit
The big Cesco copper conference in Santiago, Chile, has been remarkably bullish considering worries about global economic growth and the Chinese economy. That’s because there looks like a significant gap in the development of new supplies in 2019 and 2020 that...
Selling copper pick Freeport McMoran on fears of U.S./China tariff war
Freeport McMoRan Copper and Gold (FCX) was the third and last copper stock I added to my portfolios back in January 12, 2018–after Southern Copper (SCCO) and First Quantum Minerals (FQMLF). I added so much copper since copper prices were soaring in 2017–up...
Why the bump up in copper yesterday could go on for a while (Hint: It’s about electric cars)
On August 16, yesterday, copper for September delivery climbed 2.84%. The proximate cause was a new projection from the International Monetary Fund raising China’s growth rate for 2017 to 6.7% in 2017. That’s up from an earlier forecast of 6% growth. For...
Today it’s copper
Copper for September delivery closed up 2.84% today. Copper stocks did even better with Freeport McMoRan Copper and Gold (FCX) closed up 5.73% for example. Southern Copper (SCCO) ended the day ahed 3.37%. And First Quantum Minerals (FQVLF) traded up 10.14%. So...
Freeport McMoRan and Indonesia agree to extend agreement deadline for another 6 months
The stakes are so high that a deal is almost a certainty. Freeport McMoRan Copper and Gold  (FCX) needs the copper production from the giant Grasberg mine, the second largest in the world. The government of Indonesia needs the revenue it gains from Grasberg....
Copper headed higher? For Freeport McMoRan Copper and Gold this may not end badly but it won’t end soon
Update February 22,2017. With the world’s largest copper mine at Escondida in Chile out on strike, the fight between Freeport McMoRan Copper and Gold (FCX) and Indonesia is a big, big deal. Copper has already climbed above $6,000 a metric ton and the metal is...Some hope for the company but disappointingly familiar news for copper in Freeport-McMoRan earnings today
The story in Freeport-McMoRan Copper & Gold’s (FCX) third quarter earnings report today was better news for the company than it was for the copper market in particular or the global commodities sector in general. The company did miss Wall Street estimates on...Update BHP Billiton (BHP)
As tea leaves go, those presented to investors in BHP Billiton’s (BHP) February 16 post-earnings-report conference call could have been a bit clearer. I think the way to decide buy/sell/hold on BHP and on the mining sector as a whole is to look past the very confusing...For commodity profits follow the long cycles–here's how
The sky’s the limit. The sky is falling. In the short term pretty that much describes the behavior of commodity stocks. And it’s all too easy to get caught up on the drama of those short-term moves because the possible profits if you can outguess the market are all...Update Freeport McMoRan (FCX)
What if you’re wrong? Always a possibility worth contemplating. Last week (January 20 and 21), I gave you a pretty pessimistic view of the prospects for the world’s emerging stock markets—and emerging-economy-dependent stocks such as those of commodity...For thrills and chills–and profits–there's nothing quite like copper (although I'd put off buying for a few weeks)
Just because your favorite roller coaster is closed for the winter season doesn’t mean you have to give up thrills and spills—there’s always the copper market. Copper hit a record high on the London Metal Exchange on January 4, and moved to a three-and-a-half year...Buy Freeport McMoRan Copper & Gold (FCX)
On December 9 Freeport McMoRan Copper & Gold (FCX) announced that it would pay a special dividend of $1 a share on December 30 (to shareholders of record on December 20). In addition the company announced a 2 for 1 stock split effective on February 1, 2011. This...Update Thompson Creek Metals (TC)
It’s not like you you’re going sneak up on an undiscovered bargain in a copper mining stock these days. Copper has been selling near record highs this year on an anticipated shortfall in supply in 2011 and on increased demand from commodity investors. On December 7,...Copper glitters even more than gold
Copper, that other shiny golden metal, is just as hot as gold right now. And I think the fundamentals for copper are better. After an extraordinary run, Copper pulled back a bit yesterday.  If I see a few days of profit taking, I’d look to buy copper stocks. Which...For commodites stocks, it's wait until next year
No secret that commodity prices have plunged on fears that global economic growth is fading. Or in the case of China slowing from near 12% annually to something like 8% or 9%. And no secret that the prices of commodity stocks have plunged as well. Shares of copper,...When will rising commodity prices threaten the economic recovery?
Ah, if it were only iron ore. The big three companies that dominate the world iron ore market—Vale (VALE), Rio Tinto (RTP), and BHP Billiton (BHP)—have won price increases of 80% to 100% from Asian steelmakers. Like it or not, European steelmakers will have to fall in...Can commodities do it again in 2010? I'd say the odds are against it
Stock markets staged a strong rally yesterday, January 4, boosted by strength in commodities and commodity stocks. The Standard & Poor’s 500 stock index climbed 1.6% and the Dow Jones Industrial Average was up 1.5%. Oil (West Texas Intermediate) climbed $2.15 a...Update Freeport McMoRan Copper & Gold FCX
At least they were honest. Executives at Freeport McMoRan Copper & Gold (FCX) told Wall Street on July 21 that they weren’t seeing any signs of a recovery in developed economies that would lead the company to restart its idled U.S. copper mines. So where...Earnings tomorrow from CAT, Copper, and Coke enough to keep the rally going?
Quite a set of economic indicators in tomorrow’s earnings reports. And all before the stock market rings the opening bell at 9:30 ET too. Caterpillar (CAT), an important indicator of prospects in the construction and industrial sectors, is expected to report earnings...Jim’s Daily Email Alerts:
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