That 150k buy took out a lot of that overhang for sale at 53c.
Instos have done their tax loss selling last few weeks and on holiday now.
That's still a good buy at usually a quiet time and thin trade.
On the chart we've started an uptrend from the long slide.
My guess is accumulation into the supercycle (long term) and copper is supposed to be one of the best picks of the metals.
Short term? Chop from economic news, i.e. Fed tapering, US govt not getting infrastructure bill through.
If you can hold this thing, and always good for a year at least tax wise, then JORC finally done and regional mapped out better.
Opinion only. Not financial advice.
DYOR as usual.
Happy New Year
That 150k buy took out a lot of that overhang for sale at...
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