Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Weekend Daily: Has “Dr. Copper” Signaled a New Round of Inflation?

by November 4, 2022
November 4, 2022
Weekend Daily: Has “Dr. Copper” Signaled a New Round of Inflation?

Global X Copper Miners (COPX) found support twice at the 200-week MA.

As we await the midterm elections next week, there was massive speculation about China loosening COVID-19 restrictions.

Additionally, with a lack of global copper inventories, metals and miners erupted on Friday. Global X Copper Miners (COPX) found significant support twice at the 200-week moving average. COPX sold off at critical support in early July, retested the summer lows in early October, and formed a double bottom. COPX also displayed strong momentum on the Real Motion Indicator over the last several weeks.

So, what does this mean for investors, copper prices, and, by extension, copper miners’ share prices?  

The doctor is back—Doctor Copper, that is.

This metal has a Ph.D. in its forecasting ability and as a leading indicator of inflation and expansion.

COPX leading is also significant because copper miners tend to lead the price of copper first, adding weight to our belief that there is a sequence of events unfolding in the commodity Supercycle. According to conventional thinking, a thriving economy will see extensive development of homes, offices, factories, warehouses, and retail, fueling demand for copper, a vital construction component. However, it is possible that the electrification of everything, like EVs that need an enormous amount of copper, will supersede any slowdown in the aforementioned areas. Copper prices should continue to rebound as global inventories have plummeted.

If you’re looking to add exposure to copper miners quickly, the Global X Copper Miners ETF (COPX) is a prudent choice.  

We can help you trade commodities and protect against wild price swings. Please reach out if you would like more information about trading commodities. To learn more about Mish’s trading service you can sign up for a consultation with Rob Quinn, our Chief Strategy Consultant, here.

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

See Mish talk with Charles Payne on Making Moneyabout the Oil markets testing the limits of Fed policy, China, and what to buy in the metals.

Mish joins Cheddar to talk about some of the fallout from the most recent Fed Meeting.

See Mish join Neil Cavuto and Eddie Ghabour on Cavuto Coast to Coast to talk about the Fed’s recent rate hike decision.

Click here to see Mish and Helene Meisler’s panel at the Trader’s Summit event!

Mish discusses Meta and Palantir and how trends are switching in this appearance on BNN Bloomberg.

ETF Summary

S&P 500 (SPY): 370 support, 377 resistance; same as before.Russell 2000 (IWM): 174 support, 181 resistance; same as before.Dow (DIA): 322 support, 327 resistance.Nasdaq (QQQ): 261 support, 269 resistance; same as before.KRE (Regional Banks): 62 support, 65 resistance.SMH (Semiconductors): 188 support, 195 resistance.IYT (Transportation): 209 support, 213 resistance.IBB (Biotechnology): 127 support, 132 first resistance; same as before.XRT (Retail): 58 support, 63 resistance; same as before.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Wade Dawson

MarketGauge.com

Portfolio Manager

0
FacebookTwitterGoogle +Pinterest
previous post
Attorney Ty Clevenger Proposes Remedy for Congress to Prevent Future Politically Motivated Cases to be Used to Punish Innocent Americans
next post
The Nasdaq: A Tough Market to Gauge

You may also like

DexCom Stock Rises From the Ashes: A Breakout...

January 17, 2025

SCTR Report: The Palantir Trade Follow-Up—Transform Insights into...

November 19, 2024

The Super Bullish to the Super Bearish

June 9, 2023

DP Trading Room: Carl Explains the VIX!

September 26, 2022

Risk is More than a Four Letter Word

September 26, 2022

The Financial Sector’s Bullish Comeback: Is It Time...

January 16, 2025

Catch BIGGER GAINS by Fishing for Alpha

February 12, 2024

At the Edge of Chaos: We Should Be...

September 26, 2022

How Bad Could This Selling Get?

July 6, 2023

MEM TV: Does This Rally Have Legs?

September 9, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved