MOD 0.00% 42.5¢ mod resources limited

Meanwhile copper warehouse inventory levels continue to sit at...

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  1. 709 Posts.
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    Meanwhile copper warehouse inventory levels continue to sit at multi year lows showing demand hasn't dropped off despite these Macro issues.

    Copper price hovering while the World watches Trump v China, but if that resolves or doesn't prove as catastrophic to copper demand as what people anticipated, I expect copper to break out at some stage back towards and above $3/lb.

    Copper supply was as uninterupted this year as it will ever be, and inventories are still depleting, so any issues 2019 with supply, then premiums are going up whatever macro crap is happening.

    Trade Wars aside copper is a major bull and will have its time in the sun again.

    RhysT not worried in the least about copper economics.


    DYOR of course, but I have been doing mine and I do feel MOD is in a sector hiding in the shadow of world macro issues, and it could all pop at the right time, exploration, approvals, copper climate.

 
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