RE: What sources do you use5 Dec 2017 09:53
I read somewhere that December is historically not a great month for copper only once in ten years has the price been higher than in November. cant find the article on this.
For forecasts its difficult I posted a few websites with info the other day, on a shorter term level I look at Aruns posts on Investing.com mobile, chat forum he is a banker as tends to be pretty accurate, I look at LME stock levels, dollar/ tenge, China related info, Mining.com for news and strikes etc, i don't bother too much with brokers views as a whole tend to be rubbish, also look at Kaz if over sold or over bought, look at charts then tend to take a view. With electric cars and China road I feel happy that Cu will hold plus $3 over next year.
Currently copper is on a downward trend and could go to 2.95-2.85. as we all know it pings around very quickly so only takes one or two variables to change direction, hence Kaz is a very difficult stock to trade. I have a fairly large holding which will sit on and wait til the New year and see what Kaz statement is in February. last time Cu hit around $3 it bounced right back up, so not sure if there isn't some market manipulation going on here. I am still waiting to buy some more once the trend is exhausted.
ATB Bottled