• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Time for a Copper Price Rally?

    Teresa Matich
    Feb. 22, 2016 10:11AM PST
    Base Metals Investing

    Writing for Seeking Alpha, Andrew Hecht of Carden Capital went over four of the reasons he believes copper prices could be due for a rally. Overall, he covered action in other commodities, technicals, seasonal trends, and interest rates, and the China factor.

    Writing for Seeking Alpha, Andrew Hecht of Carden Capital went over four of the reasons he believes copper prices could be due for a rally. Overall, he covered action in other commodities, technicals, seasonal trends, and interest rates, and the China factor.
    As quoted in the publication:

    So far, in 2016, COMEX active month March copper futures have traded in a range between $1.9355 and $2.1380 per pound. Copper, the red metal that is often a barometer for the global economic condition, has been quiet when compared to other commodities. While copper did trade down to the lowest level since April 2009 on January 19, it has spent most of the time above the $2 level recently.
    Markets rarely move in a straight line. Even in the most vicious of bear markets, there are recovery rallies. When it comes to copper and many other base or non-ferrous metals, the bear market has been brutal. Last year, the sector dropped by over 23%, with copper shedding a quarter of its value. There are a number of reasons why I believe copper is ripe for a recovery at this time. While it is impossible to tell if the bear market in commodities will continue to cause prices to fall throughout 2016, copper is due for a bounce and it has plenty of upside room to do so.

    Click here for the full article.

    chinacopper investingseeking alpha
    The Conversation (0)

    Go Deeper

    AI Powered
    Copper Ready to Rise

    Copper Ready to Rise

    Copper Prices Close in On Lowest Price in 3 years

    Latest News

    Blackstone Minerals Investment Mankayan Project Update

    ACG Amends Terms of Gediktepe Royalty Agreement to Support Transition from Gold to Copper Production

    Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants

    Brixton Metals Drills 15m of 2.26 g/t Gold at the Trapper Gold Target

    FPX Nickel Signs Exploration Agreement with Takla Nation for Klow Property

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    African Discovery Group

    AFDG

    Copper Quest Exploration

    CQX:CC

    Empire Metals

    EPMLF

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES