Copper appears to be lining up to take another crack at the 5 a pound mark. The fed's recent actions caused a temporary dip in commodities but it's holding strong and watching it now inch back up to take new cracks at resistance points. I'm not the best technicals guy so if someone else knows more please share, but on a fundamental level we appear to be staring down a copper cliff.
Even if we breach 12k per ton as goldman predicts for copper and therefore incentivise new mines it will take a considerable amount of time to bring them online. Even with projects such as kalkaroo which are highly attractive in such an environment it will still take time to bring them into production and therefore provide some modicum of relief for rising copper prices.
This is why I'm so bullish on HAV, it should be first in line to benefit from this trend alongside a few other juniors. Averaged up today.
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18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.99M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2900 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2900 | 0.175 |
2 | 112190 | 0.170 |
1 | 25000 | 0.160 |
1 | 100000 | 0.155 |
1 | 25000 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 20000 | 1 |
0.190 | 2750 | 1 |
0.200 | 38035 | 1 |
0.210 | 57592 | 2 |
0.235 | 45000 | 2 |
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