A New “Precious Metal”?

Since ancient times, gold and silver have been cherished by people for their prettiness and relative usefulness. Many societies even used them as money!

Now, our ancestors worked with plenty of other metals. They simply weren’t as valuable.

But current events are making some of these other metals much more appealing than they used to be.

Case in point: 

Copper.

A few fun facts about this metal:

• Humans have used copper for at least 8,000 years. 
• One of humanity’s most significant technological advances involved adding tin to copper. This creates the alloy we call bronze. The creation of bronze ushered in, you guessed it, the Bronze Age.
• US pennies used to be made of pure copper until 1837. From then on, copper content in pennies decreased every so often.
• People generally need copper in their diets, although only tiny amounts. Lots of foods have trace amounts.
• Copper can kill microbes like bacteria and viruses, and it’s used in certain medical applications for that reason. 
• Copper is one of the most conductive metals in existence, second only to silver. Quite important, as I’ll get to in a second.

Keep that last bullet point in mind: copper is already used in cars…

But rising EV sales will likely mean a massive increase in demand for copper and nickel. 

According to CRU’s director of base metals research & strategy, Vanessa Davidson, copper prices will still remain high despite a short-term slowdown in growth alongside an increase in mind production:

At the very least, it could be a good medium-term play due to the green energy transition, according to CRU. 

I’m assuming that at some point when the green energy transition is “done,” demand could drop a bit, but it’ll never go away altogether.

Anyway,

Big institutions like Citi are also feeling a bit bullish on the reddish-brownish metal:

Not surprisingly, I saw a Statistical Disruptive Flow (SDF) trigger on a copper mining stock recently. After checking it out, it looks like a pretty good opportunity…

So I just issued a trade alert on this company to my Profit Flow Group community.

Not only does this stock have multiple bullish SDFs on it…

But several technical levels are also in bullish mode.

As you can see, it has a bullish breakout after its downward trend.

Plus, it’s trading above the 200-EMA... a technical level our PFG community likes a lot.

​​Previous Statistical Disruptive Flow trading opportunities like this one have delivered 80%+ in less than two weeks…

I don’t think you can afford to miss this potential grand slam.

All the details are in the PFG member’s area…

So head here to learn about my strategy and how to join PFG today.