Copper stocks and copper prices have exploded. Short term anything can happen because the end of the copper cost curve is very steep. A monte carlo simulation shows copper prices can easily go above $4.
0:00 Copper price and stocks 2:22 Copper fundamentals 3:22 Copper speculation 4:13 Copper outlook
I'll just wait for copper to get back to below production costs. That usually happens when the world is about to end - fortunately for us value investors the world is about to end every few years - consequently copper prices and especially copper stocks tank.
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