Portfolio Review: Copper Is Not Done
And no one cares... That's the signal.
Last summer, we stepped into copper miners.
It wasn’t sexy at the time. No one cared. But the setup was there, and the move that followed was exactly what happens when money starts flowing into hard assets.
That trade worked.
And I don’t think it’s over.
Dr. Copper Is Speaking Again
They call it Dr. Copper for a reason.
It’s one of the best real time reads on global growth. When copper is moving, it’s telling you something about demand, industrial activity, and where the world economy is heading.
Now look at oil.
When oil is moving higher, copper usually follows. These are the two commodities the world runs on. Energy and infrastructure. Fuel and build.
If both are rising, that’s not random.
That’s the environment.
The Chart Is Clear
Look at the long term copper chart.
We’re not just trending higher. We’re pushing toward a new weekly closing high.
That matters.
This is what strong trends look like. They grind higher, shake people out, then keep going. Strength builds on strength.
COPX Is Next
Now look at COPX.
We already had a solid run, but it’s not breaking down. It’s holding right near prior highs and pressing against resistance again.
That’s constructive.
If this clears cleanly, you’re looking at another leg higher for the entire copper mining space.
This is how trends behave. They move, pause, and then go again.
Final Thought
We’re not chasing anything here.
We’re staying with what’s working.
Copper and oil are telling the same story.
Until that changes, this trend is still intact.
