Derf, Yes, looks like the strength in SCCO continues. I missed the boat on copper, but did pick up a little RIO, along with several nuclear related ETFs (URA and NLR), albeit tiny positions. I'm thinking of these as longer term buy / holds, and they have nice dividends. A little late with NLR though. I had some last Fall but unfortunately decided to exit. NLR holds a number of smaller nuclear utilities that have been on a tear. But even after the runup, I figure a small LT investment will at least give some exposure to the sector.
Gold continues it's breakout from that 12 year cup + handle, and it looks like silver may be starting to join in.
With copper, using the futures chart as a guide, it looks like there could be another ~ 10% upside before it reaches the resistance levels ~ 4.5. Just a guess though, and these commodities are unpredictable. But since the Chinese decision to cut production was reportedly a key factor that ignited the current copper move, maybe it has further to go, but tough to say. I figure it's better to go with longer term trends, but copper also has that aspect, with the global 'electric everything' paradigm. I missed the boat with SCCO, so maybe on a pullback. But as a shorter term trade, nice going :o)
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