Copper imo is up because the DOW is up. Just because it bounced off of 1.40 doesn't mean it won't drop down again. The trend imo is still down. Economic activity is still reducing. Remember, 5 years ago copper was only $1. I hope it doesn't go that low. It shouldn't due to inflation but it may come close.
Not trying to downramp at all. I hope copper & other base metals increase in value because I'm invested in the sector. Just want people to be aware of the risks. I'm not holding PNA at the moment but will when I see the risks reduce.
PNA Price at posting:
11.8¢ Sentiment: None Disclosure: Not Held