Tuesday, June 2, 2009

Copper Play

Copper Daily Chart

Copper has broken out from the symmetrical triangle formation. There are a few ways for you to invest/speculate in copper:
  1. Physical copper: JJC is a copper ETN
  2. Copper mine: PCU and TGB
  3. Copper industry: SLT and WIRE
Of this 5 stocks, I see that only JJC, PCU and TGB provides a good risk/reward entry.

Disclosure: I'm long in PCU call options.

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