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Bullish Sign for the Economy: Rising Copper and Silver Prices

October 2, 2020

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Industrial metals posted gains in the third quarter, with silver up sharply and copper touching its highest prices in over two years, suggesting that the worst of the coronavirus hit to the economy may be over.

The third quarter economic backdrop was “very supportive of the overall commodity complex,” including industrial metals, says
John Caruso
, senior asset manager at RJO Futures. “The ‘reflation’ trade, assisted by the reopening of the economy and record [Federal Reserve] and government stimulus, helped the metals complex gain plenty of fervor” following the second quarter Covid-19-related shutdown and economic collapse.

On Sept. 30, silver futures posted a 26% climb for the third quarter and copper futures finished about 11% higher.

“Optimism around the reopening of the global economy, continued rally in risk-on assets, improving global economic data, and the hopes of additional stimulus helped propel

Southern Copper Stock Recovery Gone Too Far?

September 29, 2020

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We believe there may be better opportunities than Southern Copper Corp stock (NYSE: SCCO) at the present time. SCCO trades at $44 currently and it has gained more than 5% in value so far this year. It traded at a pre-Covid high of $38 in February, and it is 16% above that level now. Also, SCCO stock has gained around 90% from the low of $23 seen in March 2020, as copper prices have shot up significantly over the last few months â rising from $2.10/pound in March 2020 to over $3.00/pound in September 2020. This was following the the US government announcing a string of measures along with stimulus packages announced in other economies to keep businesses afloat. That said, even as the lockdowns are lifted gradually, copper prices are unlikely to see further upside as it is already above the pre-crisis levels. In view of its rally since

High-Potential Mineral Explorers Flying Deep Under The Radar: Kodiak Copper (OTCMKTS:KDKCF)

September 27, 2020

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In this series of articles, I would like to focus on mineral exploration companies that have very high upside potential, but for some reason, they are flying deep under the radars of investors. It is important to note that although the featured companies have very high upside potential, they are also very risky, as their projects are in early development stages and there are many things that can go wrong. Therefore, potential investors should be very cautious and invest only a small portion of their portfolios. The first company in this series of articles was HighGold Mining (OTCQX:HGGOF) (the article can be found here). The second one is Kodiak Copper (OTC:KDKCF).

Just Like HighGold Mining, Kodiak Copper also released some blockbuster drill results lately, reporting exceptional intersection of 1.16% of copper equivalent over 282 meters, made at its flagship MPD copper-gold project. The company is led by an experienced team

How to Make Money Collecting Copper Pennies

May 1, 2020

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Many investors who buy gold and silver bullion coins and coin collectors who study coins, have probably never considered collecting copper pennies to make a worthwhile profit. You’ve probably heard “a penny saved is a penny earned,” because the lowly penny is worth one cent. While most pennies are worth a meager face value, did you know that all copper pennies are worth double their face value?

Pennies minted from 1909 to 1982 were made of 95% copper, and 5% zinc. You might not think of copper as worth much monetarily, but it is an extremely important metal. Copper is widely used in industry, especially in electrical, construction, transport, and many others areas. This is why copper fetches a fairly good price because it is also the best conductor of electricity, doesn’t tarnish and is malleable. To find copper’s melt value, we need to know that a pound of copper … Read More

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