All Posts Tagged With: "Investing in Copper"
Industrial Metals Move Up
The base metals were all in positive territory on Friday. Copper spiked sharply higher during the pre-dawn hours, dropped off a little after the New York open, then traded dead flat through the day, finishing at $3.2086/lb., up 11 2/3 cents.
1,000% Surge in Molybdenum Prices Is Just the Beginning
Little-known metal molybdenum is essential to a host of fast-growing industries from energy to construction. Companies can’t open mines fast enough. Demand has sent the price soaring 1,000% in the last five years. Jim Nelson says this is still just the beginning for the metal. He expects another surge in the next 12 months.
Investors Throwing Away Resource Stocks… Buy Now!
The market is throwing away resource stocks amid panic on Wall Street.”You’d think the world will never again need gold, silver, platinum, oil, natural gas, uranium, copper, lead or zinc,” says Russell McDougal at Investor’s Daily Edge.
The old adage “the time to buy is when blood is running in the streets” remains true, however.
Russell says the stock shakeout provides a great opportunity for savvy investors. He recommends buying up quality resource stocks now and holding them for long-term profits.
2 Stocks Set to Win Big in the Coming $41trn Infrastructure Boom
As Wall Street descends into chaos, many investors are happy to sit on the sidelines holding cash. But there are still profits to be made for big-picture investors.
Chris Mayer says the next “megatrend” will be a $41 trillion global infrastructure boom. Urbanization on a massive scale in China and India requires huge construction projects. And this will create huge demand for building materials (like cement and steel) and basic commodities (iron ore, copper and nickel).
Chris says power-grid builder ABB (NYSE:ABB) and road-building equipment maker Astec Industries (NASDAQ:ASTE) are stocks to watch…
Banner Day for Base Metals
The base metals were all solidly in positive territory on Friday. Copper rose from the pre-dawn hours straight through to mid-morning, peaking at $3.27, then tailed off but still finished with a big gain at $3.2379/lb., up nearly 8½ cents.
Chinese Demand Will Rally Commodities and Mining Stocks
Mining is an expensive business. So if commodities prices fall sharply many mines are forced to close rather than operate at a loss. When this happens supply tightens and prices begin to recover. Chris Mayer says there are signs this is happening now… and a rally in mining stocks is on its way.
Base Metals Little Changed
The base metals were mixed in listless trading on Monday. Copper showed a gain from the pre-dawn hours to the late morning in New York, but then fell off a cliff and finished at its intraday low at $3.1145/lb., down 3½ cents from Friday.
Base Metals Savaged
The base metals were all mired in the red on Friday. Copper declined from the pre-dawn hours straight through until mid-morning in New York, before leveling off for the rest of the day and finishing just off its intraday low at $3.1494/lb., down nearly 15½ cents.
Base Metals in the Red
The base metals were all in the red on Thursday. Copper fought a seesaw battle all day, with the ayes having the final word but not enough of one to overcome the nays, as it finished at $3.4757/lb., down 2¾ cents.
Resource Stock Roundup: Thursday, August 28th, 2008
The resource rich Canadian markets were in rally mode during Wednesday trading as the price of oil and gold gained ground.
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