Jul. 6 at 10:21 AM
$B $FCX $COPX $RIO $XOP
Several years ago I said we would see
$6 copper for this phase of the cycle.
My high target was
$8
Well,
$6 has been realized, but I believe there could be a pullback in 2027?
Now this is a short term view, long term, we could easily see
$12+ as we move into the 2030’s.
My plan remains the same, trim my miners positions from 52% down to 30% on this next move higher.
I still believe as Q2 earnings begin, that’s where the momentum will come. That along with lower energy costs.
I’m going to use the strength to get restructured.
Now for energy, oil/gas, what we’re seeing here is a manipulation for the mid term elections.
In December/January 2027, we will see oil move higher into spring.
This will start applying pressure to miners and the economy.
The demand for metals will slow during this recessionary period.
Recession occurs while oil is extremely higher.
This has been my call for years.
https://x.com/jackprandelli/status/2073835034587652460?s=46
