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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?


To: brundall who wrote (9856)3/3/2016 11:13:15 PM
From: cpac  Respond to of 10654
 
That last sentence may tell us all that we need to know.



To: brundall who wrote (9856)3/4/2016 1:08:13 AM
From: louel  Respond to of 10654
 
Perhaps the report from the J/V when it is released will offer a bit more.

I was thinking about the Volume on CUU.
I clued in as I took my original investment out of WRN which I bought 3 weeks ago. . I'll let the profits run. I picked up a bit of another one today.

The way I play when coming out of a bottom is to take a position when it rises enough, I take my investment back, plus the $20 trade fee and let the rest run. Then look for another entry in something else where. With only the profits left on the table it removes financial risk.

I checked a few others then JJC " I-Path Copper Total Return Index" NYSE .
It appears like it has put in a 3 month bottom and today broke above it's 50 day average trade price. Most copper is on the rise at the moment.

The price and the image of the total package , Elmer has painted on the Web Site is pretty impressive to new people seeing copper lifting off the floor. I would venture to guess it represents a good portion of the volume. Presently Book value is listed at 18 cents per share. Many stocks trade 3 to 5 times book in good times.

Southern Copper today traded 2.1 million shares at $26 The Cu. cycle may be on the mend.

Cheers



To: brundall who wrote (9856)3/4/2016 7:27:38 AM
From: Panthergirl  Read Replies (1) | Respond to of 10654
 
What Gives?

Teck has spent over $500 Million on Galore Creek to date on Shaft Creek they have spent what ? Peanuts nothing of significance to date that's why we don't get mentioned.