Occasional Investors Enigmas.

[swissie]

Sometimes, "run of the mill" investors like me are occasionally confronted by financial Enigmas. The most recent Enigma I face (causing me irregular bowel movement plus hot flashes in the middle of the night) is the price of Copper.

Because: " Global copper stocks have fallen to record lows, with current inventories enough to supply world consumption for just 4.9 days. Freeport-McMoran was also vocal about shortage risks, stating that the current low prices do not reflect the tightness in the physical market".

As the global "electrification"progresses, copper will play a major part, plus low inventories, Copper should be heading north. But no, the price of Copper resembles the behavior of a beached whale.

My 95 year old Romanian clairvoyant gypsie lady recommends patience. She claims that currently there are so many financial Enigmas in existance, that her crystal ball has gone into "overload-modus", not producing any results anymore. Rats!

 

[Jingthing]

You can't pick bottoms.