What’s going on with copper, particularly JJCTF? (recent big price drop)

[Robert Horton]

#9983

Any thoughts on JJCTF?

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[Sean Hyman]

#9992

Not sure why you’d own it. It’s so illiquid/low volume.

The spread of coronavirus is weighing on copper because of a potential for economic slowdown due to the virus.

JJCTF would never make our cut in LI. Not sure who got you into that one. However, a turn upward in commodities and in copper (overall) could help turn your position upward, in time.

But gold, silver, etc. are much better positioned right now, than copper because gold/silver don’t depend upon anything economically like copper does. Copper is more of an industrial metal.

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[Robert Horton]

#10086

I got in this position in 2014 – a long hold (small) position. I know this would not make our LI cut. I’m thinking of getting out of it. Looks like it could be in wave 2, but regardless, volume is low. The following report may jar your memory. Thanks for the reply.

[Sean Hyman]

#10088

I don’t see any report attached.

It could be a wave 2 as long as the wave C $22.03 low holds.

[Robert Horton]

#10127

I entered this position in 2014. I originally saw this position in the 12% Guide to Capital Gains Report from UWR (Nov. 2012).

• This reply was modified 4 years, 2 months ago by Robert Horton.

[Sean Hyman]

#10130

Did JJC change symbols? It likely is toward the end of wave 2. But when it goes toward the end of wave 3, you might suggest selling if profitable.

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