AwesomeAvani

COPPER Commodity or Junior Miner trade LONG

Long
AwesomeAvani Updated   
BATS:COPJ   Sprott Junior Copper Miners ETF
Copper prices rise when the economy is thought to be growing and needing more electrical

infrastructure while they fall when bearish indicators might project a recession. I am

at the aluminum and finished steel subsectors as well. FCX is under consideration but as a

large cap it does not have the volatility of the junior miners. In the meanwhile COPJ, CPER and

COPX look like they are worth considering given the trend up since mid-February. The chosen

strength and trend indicators confirm the trend. This is a long trade and sector rotation play for

those to consider that are tired of tech stocks and earnings plays.
Trade active:
Zoom- in shows a 9% move in 4 days while GLD the ETF sideways demonstrating that
copper trades are worth considering.

Comment:
This trade demonstrates a BB strategy entering t the lower band and exits at the

upper band or vice versa on a short from April 12 to April 14th for the similar 8%

return over 2 days.
Comment:
Small pullback today so another piece taken long to buy the dip
Comment:
Small move up- slow and steady.
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