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Copper

GRDM -- Massive Copper & Palladium intercept!Grid Metals Intersects 37.6 g/t Palladium and 21.3% Copper in Massive Sulfide Vein at East Bull Lake; Parisien Lake Zone Continues to Expand TORONTO, ON / ACCESSWIRE / May 5, 2021 / Grid Metals Corp. (the "Company") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report new results from three additional drill holes from the Central Parisien Lake Zone at its East Bull Lake palladium property (the "Property") located near Sudbury, Ontario. Drilling hit multiple zones of palladium-dominant mineralization including a footwall copper sulfide vein containing 1.2 ounces per tonne palladium. Drilling results received over the last ten months combined with geophysical data confirm the presence of a persistently mineralized layer along the base of the East Bull Lake intrusion having the potential to host multiple, near surface palladium-rich copper-nickel sulfide deposits. Highlights Drillhole EBL 21-09 intersected three discrete zones of palladium-rich sulfide mineralization including a footwall copper sulfide vein which grades 37.6 g/t Pd (1.2 oz/tonne Pd), 6.68 g/t Pt and 21.3% Cu over 0.54 metres within a two metre mineralized interval averaging 10.7 g/t Pd and 5.87% Cu. Similar grades are present in footwall copper sulfide veins in major magmatic systems, globally - including both the Sudbury and Noril'sk mining camps. An offhole conductor adjacent to this vein was subsequently detected by borehole geophysics. Drill hole EBL21-07, drilled 70 metres southeast from EBL21-09, also intersected wide zones of palladium mineralization having local higher-grade sections including 1.0 metres of 11.5 g/t Pd from 6.0 metres depth. EBL21-08, the most northerly and westerly hole drilled in the target area, is a 350 metre step out from the main area of drilling. It intersected a narrow, higher-grade section in the Basal Layer (0.75 metres with 4.64 g/t Pd and 1.19 Pt). The area between hole EBL21-08 in the west and holes EBL21-07 and 09 in the east is over 200 metres wide and is centered on a potential north-striking feeder fault that remains to be drilled. Palladium mineralization continues to be associated with an extensive, inclusion-rich gabbro layer that blankets the base of the East Bull Lake intrusion, herein referred to as the "Basal Layer." The Company is now confident in its ability to predict the position of the Basal Layer to depths exceeding several hundred metres across the entire >20 km strike length of the property using a combination of resistivity, conductivity and magnetic survey data.
TSXV:GRDMLong
by wealth_bakery
Copper Very Cheap and New Silver 8$-9$-10$ Copper, Solar panels, wind turbine and New generation drone, jet, car, tank, heat pipes, electricity. so copper will be needed every day. It was the decision to press the US and Europe bar at first. In other words, they will encourage the people to shop by impoverishing them. Factories will store tons of copper, except for those who want to protect their money. I have not seen any damage so far. Those who wait will always win. Don't Shake Yourself. Think long term. It is not investment advice. I buyed, I wait, I'll keep it until I die if necessary. I will leave a legacy to my children. The graphics never hold 100%, do not stretch yourself, do not hurt yourself to make a trade. After all, copper will be used in those skyscrapers. Cu time, Cu time, Copper win time...!
COMEX:HG1!Long
by TraderEtc
CNX - High grade copper junior @ big discount to $5.50 financing- $42 mkt cap, 13M float. #copper - They've been hitting high grade copper intercepts: 7.55m of 5.01% Copper Eq in 257m Vertical Step-out in most recent assays 
- Closed $8.9M oversubscribed financing on Feb 25 significantly above current sp at $5.52.
 - Most recent insider options were granted at $5
 - The float is super tight at 13.14M shares and it could make a big move very quick, especially with copper prices hitting record highs.
TSXV:CNXLong
by wealth_bakery
Elliott Wave View: Copper Should Remain SupportedShort term Elliott wave view in Copper (HG) suggests the rally from April 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 1 low, wave 1 ended at 4.16 and pullback in wave 2 ended at 3.988. Wave 3 is currently in progress with internal subdivision as another impulse in lesser degree. Up from wave 2, wave (i) ended at 4.034 and pullback in wave (ii) ended at 3.9985. Copper then extends higher in wave (iii) towards 4.277, and dips in wave (iv) ended at 4.223. Final leg higher wave (v) ended at 4.2965 and this completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 4.2039 and the metal has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 4.296 and pullback in wave (ii) ended at 4.2465. Wave (iii) ended at 4.517, and wave (iv) is in progress as a zigzag and should find support at 4.4 - 4.43 blue box area for 1 more high to end wave (v) of ((iii)). Afterwards, it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 4.2039 on April 21 remains intact, expect dips to find support in 3, 7, or 11 swing for further upside.
COMEX:HG1!
by Elliottwave-Forecast
1
Copper (Lower time frame version)DD is the same as my previous post: From my daily level post: Bullish on copper with the current confluence of news - Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030" Coinciding with this was the mining strike in Chile - first the rumblings of a strike then the actual strike itself. Chile produces roughly 25% of the World's Copper . Currently we are in a bullish channel on the daily chart and I expect we could see a bounce off the upper trendline, especially if positive news from Chile breaks at the same time as the price reaching this area. Comment on current intraday: Copper (and Corn futures) broke the intra-day channel heading to the secondary intraday support of ~4.390, rebounding at a psychological support of 4.45. Note this took me by surprise completely and stopped me out of my trade, as I moved up my stop to 4.485 Not sure what caused the big dip just prior to the US equity market opening (SPX / SPY also dumped on open) answers on a post card please? My bias is still big time bullish due to the reasons in my original (shorthand) DD above. Please let me know your thoughts
COMEX:HG1!Long
by CptCalamity
Thoughts on CopperBullish on copper with the current confluence of news - Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030" Coinciding with this was the mining strike in Chile - first the rumblings of a strike then the actual strike itself. Chile produces roughly 25% of the World's Copper. Currently we are in a bullish channel on the daily chart and I expect we could see a bounce off the upper trendline, especially if positive news from Chile breaks at the same time as the price reaching this area.
COMEX:HG1!Long
by CptCalamity
Copper breaking outTechnical Analysis As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally. Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period. Trade setup The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a stop-exit for 50% of your position. Fundamental Analysis There is some concern around inflation, all though the Fed maintains he believes it will be transitory. Here is the way I follow inflation, which is a free chart by the Federal Reserve Economic Data : fred.stlouisfed.org Another way is with the TIP etf.
AMEX:CPER
by dorfmanmaster
1
Copper Heads for the Highs A late February peak runs out of steam and makes a comeback LME and COMEX stocks rise Inventories can be a mirage Goldman Sachs makes a bullish call- Three reasons for higher copper prices Heading for new high- Copper could go parabolic In March 2020, nearby COMEX copper futures traded to the lowest price since June 2016, when it reached a bottom at $2.0595 per pound. In February 2021, the price traded at a decade high at $4.3630 on the continuous contract. Copper fell during the height of the global pandemic’s impact on markets across all asset classes. The price moved from a four-year low to a ten-year high in a little less than one year. The trend in copper is higher, and we could be on the verge of a move to prices above the 2011 $4.6495 peak. Copper is a building block of infrastructure worldwide, but it is also a metal with many industrial applications. A late February peak runs out of steam and makes a comeback The trend of higher lows and higher highs in the copper futures market remained intact at the end of last week. After reached a continuous contract peak at $4.3630 in late February, the highest price in a decade, copper pulled back below the $4 level, reaching $3.8760 in early March. Since then, the price has been climbing and was back above the $4.33 level at the end of last week. Open interest, the total number of open long and short positions in the COMEX copper market moved from a low of under 162,000 contracts in May 2020 when copper’s price was under $2.40 per pound to the 247,572 level at the end of last week with May copper futures settling at $4.3360. Rising price and increasing open interest is a technical validation of a bullish trend in a futures market. Weekly price momentum and relative strength indicators were well above neutral readings and rising. Weekly historical volatility at 18.76% indicates the bullish trend is slow and steady. The metric reached a high of over 37% in May 2020. Copper backed off from the February decade-high peak, but the price came storming back and is now a stone’s throw away from an even higher high. The semiannual chart shows dating back to 1988 illustrates the all-time high came in 2011 at $4.6495, only 31.35 cents above the closing price on April 23. Heading for new high- Copper could go parabolic Copper was below the 2011 high on Friday, April 23. The LME price was under $10,000 per ton. Goldman Sachs’ forecast is for $11,000 per ton in the next twelve months. However, as “copper is the new oil,” the longer-term price expectations are far higher as they see demand rising much faster than supplies. Goldman sees copper at $14,000 per ton in 2024 and $15,000 per ton in 2025, over 50% higher than the current price approaching the 2011 high. Bear markets often take prices far below where logic dictates. If you have any doubt, look at an oil chart from April 20, 2020, when NYMEX futures fell to the negative $40.32 per barrel level during a tidal wave of selling. Bull markets have a habit of moving to levels that are far higher than analysts expect when a buying frenzy creates parabolic moves. Lumber was at $251.51 per 1,000 board feet in April 2020 and moved nearly five and one-half times higher at the recent $1374.70 level. Copper is not the only commodity rallying these days. Grain prices experienced explosive gains last week. Palladium, a thinly traded precious metal, rose to a new record high at $2928 per ounce last Friday. Copper has bullish winds behind its sails from a fundamental and technical perspective. The red metal looks set to climb to new heights as the copper bull market appears firmly intact. When markets trend, picking a top can be a tragic mistake. Sit back and enjoy the ride, even though it could become bumpy. The risk of corrections rises with prices in bull markets. Read the full article using the link below. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading.
COMEX:HG1!Long
by Andy_Hecht
16
Freeport Bouncing at the 50-day SMAFreeport McMoRan has steadily rallied since the March low. Now the copper miner may be ready to break out of its longest consolidation since the surge began. One big feature on the chart is the high basing pattern above $30. It’s recently made higher lows and tried to climb up the right side of that basin. Price has also held the rising 50-day simple moving average (SMA). It previously bounced along that line in September, January and March. Next, FCX has broken a downward-sloping trendline along the February and March highs. Last week it bounced at that line, which could mean that old resistance has become new support. Copper has been one of the biggest gainers since the pandemic as years of stagnant production growth collides with a global electric build out. The red metal has been a major green-energy asset. FCX is one of the most straightforward equities to play the trend. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:FCXLong
by TradeStation
2
COPPER (XCU/USD) – Week 16 – Important area ahead.Last week, Copper reached the resistance area and it looks undecided at the moment. In the coming days, based on the market structure, the next probable move is a bearish impulse that may push the price into the liquidity pool area, but for now, we don’t have a clear setup. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDShort
by financialflagship
13
COPPER (XCU/USD) – Week 17 – New top expected.Last week, the Copper price increased and broke the resistance, despite our analysis in which we anticipated the price will drop from that level. In the coming days, we anticipate that we will break the top and then go in a “stop hunt” phase that can push the price down towards the support area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDShort
by financialflagship
14