Reviewing my Copper call

Copper fell 33% as per my quote in this S&P Global Market Intelligence article (published on May 20, 2021) which featured my non-consensus opinion that the price of Copper would decline “by a third within 10-14 months”.

Within the article, I furthermore cited its stretched levels above its 200 week moving average.

Aluminium prices suffered a similar fate.

The chart below shows the time frame that copper fell 33.4% within 13.6 months from the date the article was publishing……..whaddayaknow, it mean reverted down to its 200 week moving average.

At that moment (14 months later) Copper turned into a ‘buy’ opportunity.

This weekend, clients will be receiving my latest view.

January 11, 2024

by Rob Zdravevski

rob@karriasset.com.au