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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (5039)	8/8/2022 3:35:07 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 10661

Over the long term, the price of every commodity converges to its marginal cost of production. So there is no such thing as a long term investment in a commodity. You are only trying to exploit the temporary market imbalances. Copper is actually showing some green shoots. I think this is temporary and that it will eventually hit 2.90 area and then possibly go down to the 2.60 area (if we get a recession). BUT before that happens, there may be a short squeeze in the works. If it goes that way, then copper may go as high as 4 before heading back down.