Hi Jerry, again, anybody who would have thought that there was a good chance that The Federal Reserve could be abolished so soon would have been considered as quite mad. If it is true, it will inspire prosperity for The American people like they saw during The Calvin Coolidge years. Only this time it will be greater because the power will shift from Washington to the States. WOW! That will be one game changer. DT

Wishful thinking……. and not understanding the situation…. two different thoughts….
Some got jabbed,…not understanding the situation… 🙂

https://x.com/thevivafrei/status/1797081569724620924?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1797260046625092019%7Ctwgr%5E235b3a55d5ff7552f608f44e371bcfc16348b5d2%7Ctwcon%5Es3_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Falex-jones-repels-ambush-seizure-infowars-sleeps-studio-monday-court-date-looms

Beyond any doubt whatsoever you are correct. The herd engages in wishful thinking constantly because it doesn’t understand the situation.

Just my opinion but I would never buy OTC stocks, if you understand the risk and obviously you do enough said. DT

I just interviewed Leif from Surge Copper last week, and that’s a position I got in recently, and it’s had a nice price increase in tandem with the move higher in copper the last few months, for a junior advanced explorer / early-stage developer.

https://schrts.co/mIXurJpa

Here is that recent interview with Leif over at Surge Copper for anyone that missed it. I find it to be a compelling-sized copper resource in Canada, that compares favorably to other copper development projects in Canada.

—————————————————

Surge Copper – Exploration And Development Update At The Copper-Moly-Silver-Gold Berg Project In BC

https://youtu.be/6y-exaSbk84

Hi Ex, Sprott junior copper miners might look like a scalded cat to you but a 30% gain from the beginning of 2024 doesn’t get me excited. Other than Regulus Resources the rest of the gains you listed are not that impressive considering the run in the price of physical copper, and Global X Copper Miners ETF is over a period of 4 years. I like Gladiator but if you bought it 6 months ago you would be down and if you bought at the low 3 months ago you would probably be up 30%. Not something to write home to Mom. DT

DT -You had stated “The copper price has gone higher, but the stocks haven’t. ”

1) That move in (COPJ) a few months back from $16.47 to the recent peak at $26.43 was a 60% move, so yes I think that qualifies as “taking off like a scalded cat” for a move like that in an ETF in 3 months. Maybe that isn’t impressive to some investors, but that’s a solid gain in such a short time in a diversified fund like that.

2) As for the big boy copper producers in (COPX), they moved from a low at $33.90 a few months back to a recent high of $52.90 for a 56% gain. That is still really solid in a diversified fund of the best producers recently.

>> In addition, that move in COPX from the pandemic crash low in 2020 of $8.82 to the recent all-time high (ever) at $52.90 has been a 500% move in the last 4 years. That is stunning performance in the larger copper producers.

3) Faraday moved from $0.465 to $0.84 for an 81% move in just a few months. That is plenty of movement in response to the copper price.

4) I mentioned Aldebaran (Regulus’s sister company) and it went from $0.66 to $1.20 which is an 82% gain in a few months. That was a nice move.

5) Yes, Regulus moved from $0.88 to $2.10 for a 139% move in a few months, so also very nice.

6) Then in Surge Copper that I mentioned, it went from $.07 to $.24 for a 243% move.
Surely that is an impressive response to copper prices moving higher!

All of that is evidence that yes, many copper stocks have absolutely moved recently.

The good news I see is that with Copper rolling over the last 2 weeks, many of those stocks are pulling back and if they keep heading back lower, they’ll offer additional entry points for the longer term process where I believe we’ll see the red metal in the $5-$6 per pound levels or higher. Also those individual companies have interesting fundamental value accretive work programs on tap.

The copper advanced developer that I’m sad to have missed this recent move higher in is Regulus Resources (REG). I’ve been in the stock in the past and wanted to get back in when copper was in the doldrums, but it shot higher right out of the gate as it’s pounds in the ground rerated higher with the rising copper price and then didn’t look back… bummer as I kept watching for a good pullback, but it was relentless and now it made a big move.

https://schrts.co/EDqycdtY

Nick Hodge has mentioned for the last few months in a few of the interviews we did with him here at the KE Report his position in a few copper stocks that he was animated by like Aldebaran and Gladiator and they’ve both done well the last few months as well.

When I was at the Energy Transition Metals Conference in late Apr-early May, I met with the Regulus management team, and the mentioned Aldebaran Resources was their sister company. My plan was to take a look afterwards, but I got pulled a number of directions, and by the time I got around to looking into the fundamentals and liking it, and pulled up a chart, it had already popped up.

https://schrts.co/kSMadjYX

Yes, I measure from the low to the high in a move to show the range of potential, and obviously nobody buys the exact low (but some traders did) and nobody sells the exact high (but again some traders did).

The point is show the range and that there were opportunities for double-digit or even triple digit gains.

The range of those moves were much more than 30% as just noted… with the ETFs providing around 60% gains, and the stocks mentioned above from 80%-240% in just 3 months from Feb-May. There are copper stocks up much more than that or down lower than that…. always… that’s what makes a market.

The point was that many copper stocks have absolutely been moving lately.

As for Surge and Faraday, I only got in them recently (but am up double digits in them both), and I already mentioned missing the runs in Aldebaran and Regulus. My plan was to get back into Regulus, and just hesitated and it moved up too much for me to chase it.

I was positioned in COPX from the big run from 2020 to 2021 and had a multibagger move in it, and traded it a number of times the last few years as it bounced around in a trading range for a while. With COPJ I got into it in March 6th at $18.67, and caught a solid double-digit gain it. I’m fine with that as it is a diversified ETF.

I’m just discussing things in my portfolio or that were in my portfolio because they are top of mind and stocks I track. The only one I’ve not owned before is Aldebaran.

I do have 2 copper stocks, Arizona Sonoran and Metallic Minerals, that haven’t moved as much though, so sure, not every copper stock has run bigly.

DT, from their Feb. lows, copper went up 42% while COPX went up 56% and COPJ went up 60%. That’s not great leverage to the metal but decent. If I’m right about copper’s future the miners will eventually outperform by a much great percentage.
For comparison, EXK went up 196% and IPT went up 172% following their Feb. lows while silver gained 49%. However, SILJ gained just 68% so the silver miners in general show room for significant improvement similar to that of the average copper stock.

Hi Ex, “Surely that qualifies as (some of) the copper stocks having been moving lately.” I do however believe that they could very well start to move much higher soon, but so far, I haven’t seen great gains. I don’t believe in pointing out bottoms and tops unless I’m at the beach. I think you are painting too much of a rosy picture it may come but it hasn’t yet. DT

Ha! Good one DT.

I always measure from top to bottom and bottom to tops to look at potential ranges as stated, as do most technical analysts. To each their own of course.

Yes, agreed that it is still early days for most of the juniors (but the producers have been running higher for years now). I believe many of the copper stocks have woken up from their slumbers though and the move from mid Feb to mid May was the first shot across the bow that the move was finally trickling down into buying in the copper juniors. They still have a long way to run though if people believe we’ll see copper prices north of $5 again moving to $6 and beyond over the next 2 years.

Nice little discussion gents….Matthew your scenario plays right into the contrarian theory as right now everyone’s bullish so it needs a breather to take attention away again ….it’s silvers turn next. I’ve got my impact and Kootenay just for that. Cheers

Yes again. I would like to see the silver price go up and get parity with Shanghai and other World markets. I would like to see how the banks get out of their naked short position. They are in another box of their own making. We know they want to maintain their “fat pig fee scheme” but maybe this time is different and they have to take a hit. (Can’t believe I said any of that. Banks don’t take hits…they take our money)

All good DT. I think a 35% increase in your portfolio is great man, and that is about what I’ve had too (with the portfolio up about 1/3 over the last few months). That is likely outperforming the majority of portfolios from generalist (unless they were all in on Nvidia) haha!

I think solid double-digit moves like that in a portfolio are very significant, and that so many people are chasing hot-money 10 baggers, that they fail to take part in the easier setups to make money and and solid gains when they present themselves. Going up 35% is much better than the opposite! 🙂