Thursday, November 10, 2016

Copper acting very well, commodity markets continue to strengthen


Copper has no broken out to the upside. I discussed this possibility last week and now we have confirmation of the breakout.

With Donald Trumps election are we looking at a big infrastructure program that will further strengthen commodity prices.

Turquoise Hill is the company that owns and operates, along with the Government of Mongolia, the huge Oyu Tolgoi copper/gold mine in southern Mongolia. The increasing copper price will benefit this low cost miner with over fifty years of reserves.

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