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When To Build Your Copper Position

June 1, 2023 by VP

I have some copper exposure already, but I want a lot more.

 

How am I going about this?

 

There are people out there, who disturbingly mimic what I do.

 

Don’t do that.

 

Our situations are different.  Our allocations are different, and for good reason.  You may have a lot more/less than I do, and your expense/income ratio is probably different too.

 

More on this in a future podcast episode.

 

So I will have to say it again, this is not financial advice.  DYOR, yadda yadda.

 

I know what the title says.  It’s just a title.

 

Outlook

 

We all know I’m wildly bullish on copper long-term.

 

But my main apprehension is that we’re going into a recession, and possibly a bad one.

 

We’re not going to be building much in a recession. Nobody will.

 

UNLESS…

 

  • Military conflict continues to rise
  • Green initiatives continue despite the economic turndown, because the elites will always have endless money

 

This will require lots of copper.

 

How probable are those two things?

 

Reasonably probable I’d say.

 

So this whole “sit on your hands until things fully recover” approach isn’t the move either IMO.

 

I know some of you would like it to be.  But it’s far from optimal, sorry.

 

Plan, For Now

 

As buyers, we’ve caught a nice break with price going down, likely because the China Restarts have been disappointing, as predicted in this podcast episode here.

 

Because of such an uncertain future, I’ll be placing a trailing buy on one new position right now.

 

I will be placing another trailing buy to an existing position once price drops below $3.00 USD.

 

Then I will save everything else for after the recession appears to either be over, or no longer happening.

 

That last possibility is quite rare of course.

 

And this could all change, but I like to set my moves up early, and this is currently where I’m at with the red metal.

 

 

— VP

 

Filed Under: Investing

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