|Day Low/High||68.43 / 71.29|
|52 Wk Low/High||23.43 / 72.00|
I'd give some time to a SCCO trade and go out to December or January with a $50 call.
With the metal's prices rising, the charts of SCCO are bullish, here's how to approach it.
Copper equities will keep reaping the benefits, until central banks close the taps.
Inflation will be a big theme for 2020 and commodities will benefit the most -- especially copper and iron-ore.
The big gains in commodities stocks come to those who jump in when commodity prices are down and forming a bottom, or in the early stages of an uptrend.
Dow gains some 28 points, while S&P 500 and Nasdaq inch higher in quiet post-holiday trading.
Bearish names dominate this week and financials in particular.
The precious metal could be setting up for another leg higher.
There are a few plays available with these metals, though stops are advisable.
Following the rash of Purchasing Managers Index data, copper prices once again are taking it on the chin today. Given the plethora of uses for copper in the manufacturing and industrial world, this is a corroborating indicator of the vector and velo...
Copper futures surged; there are ways to play this.
Scott Colyer, CEO of Advisors Asset Management, said the negativity toward hard assets is exactly why investors should start legging into energy and mining stocks.
Beijing is the metal's top user, so put your pennies in the sector.
China easing the 'one child' policy will spur consumption.