A company called FCX is doing really well because it has a lot of copper, which is important for many things. People who know about this think that the price of copper will keep going up and so will FCX's stock price. The writer also suggests some other companies that might do well if copper prices go higher. But remember, investing in these types of companies can be risky, so only people who understand the risks should buy their stocks. Read from source...
1. The author of this article seems to have a strong bias towards the copper industry and its potential for growth in 2024. This is evident from his use of positive terms such as "perfect proxy", "escape velocity achieved" and his optimistic price predictions for both copper and FCX. However, he does not provide any concrete evidence or data to support these claims. His opinions seem to be based on his personal research and understanding of the sector, which may not necessarily reflect the actual market trends and conditions.
2. The author also appears to have a financial interest in some of the companies mentioned in the article, such as Fitzroy Minerals Inc. and American Eagle Gold Corp. This creates a conflict of interest, as he may be promoting these stocks for his own benefit rather than providing unbiased and objective information to readers. Additionally, his disclosure statements are not clearly visible or accessible, which further undermines the credibility of his article.
3. The author's focus on junior copper miners as potential investment opportunities is questionable, given the high level of risk involved in this sector. Junior mining stocks and options trading can result in significant losses for inexperienced or unprepared investors, especially in a volatile market environment like the current one. The author does not adequately warn readers about these risks or provide any guidance on how to mitigate them.
4. Finally, the author's use of emotional language and exaggerated claims, such as "my junior copper list focuses on" and "copper just traded at $4.0393/lb. Escape velocity achieved!" suggests that he may be trying to influence readers' emotions rather than providing rational and factual information. This can be misleading and manipulative, as it does not allow readers to make informed decisions based on their own research and analysis.
1. FCX as a perfect proxy for 2024 metals advances, with minor resistance at $42 and potential stops at $44.70 and $50. Copper price expected to reach $6-8/lb by year-end, resulting in higher prices for FCX.
2. Junior copper list: Fitzroy Minerals Inc., American Eagle Gold Corp., Sprott Junior Copper Miners ETF. These investments may have a high level of risk and are suitable only for experienced and professional investors and traders due to the volatility of the junior mining sector.
3. Disclosures: The author and/or officers and/or employees of Streetwise Reports LLC, including members of their household, own securities of Fitzroy Minerals Inc. and American Eight Gold Corp., and the author has a financial relationship with Fitzroy Minerals Inc. Michael Ballanger is an experienced investor and trader in options and junior mining stocks, but he does not guarantee or warrant the accuracy or completeness of the data provided. This letter represents his views and replicates trades that he is making, but nothing more than that. Always consult your registered advisor before making any investment decisions. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only.