As said, copper’s price has entered a bullish area. Between $3 and $4 the copper market is bullish. Above $4 it is wildly bullish … but that’s probably not for 2018 but rather for an even longer term forecast which we will do in some 12 months from now.
- From Investinghaven.com
From Metal Bulletin 02/02/2018
FORECAST: Copper price to hit $8,000 per tonne in 2018 - Goldman
Projections for the price of copper in 2018 are being revised upward to $8,000 per tonne from $7,050 per tonne, with a growing gap expected between supply and demand, according to investment bank Goldman Sachs.
These forecasts are suggesting $US3.60 -4.00/lb or at the mid-point $A11,000 per tonne. A price like that would see a worthwhile rise in the HGO share price.
As said, copper’s price has entered a bullish area. Between $3...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $178.0K | 3.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 260909 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 799916 | 1 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
