Copper miners

Copper is not gold.

It seems to have attracted good money in the past 10 days, although the EV pattern has been weaker lately with the Taper talks.

[ATTACH=CONFIG]21350[/ATTACH]

SCCO and FM.TO have done relatively well, especially SCCO.
FCX however is under pressure (but it is now 1/3 related to oil exploration.)

I have been trading SCCO in the past weeks, with the objective to lower my purchasing cost.
With the Fed tapering talks of tomorrow, the stock could easily fall back down to 25.5 or 25.
If LEV continues to be positive, I will buy there.


Pascal

[ATTACH=CONFIG]21349[/ATTACH][ATTACH=CONFIG]21351[/ATTACH]

[ATTACH=CONFIG]21348[/ATTACH][ATTACH=CONFIG]21347[/ATTACH]