Showing posts with label Southern Copper Corp (NYSE:SCCO). Show all posts
Showing posts with label Southern Copper Corp (NYSE:SCCO). Show all posts

Monday, March 9, 2015

Base Metals: Fundamentals For Copper

In some of the base metals, things are apparently tight, no question about that. Copper, will be tight again. There is a lot of inventory right now but if you look at the mining, the fundamentals, if it is not deficit, it will be in a couple of years. So, I am not a buyer nor a seller of copper right now. Copper is going to be back in deficit in the next 2 or 3 years, if not before.

Stocks: Southern Copper Corp (NYSE:SCCO), Freeport-McMoRan Inc (NYSE:FCX)

Futures: Nymex Copper Futures

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

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