Gerardo Del Real,
Editor
April 10, 2024
Last week, I told you that the copper and gold stock train was leaving the station and that it was time to make sure you had your ticket.
That’s all happening now with gold breaking through the US$2,300 per ounce level and making daily new record highs for the past week. Copper bulls are loving the new US$4.20 per pound level as the red metal gets set to go on a run that’ll catch a lot of people off-guard.
The quality copper plays will soar. Ditto for gold.
The interesting part to me is that gold, silver, and copper are all surging despite a stubborn dollar index that continues to benefit from capital inflows from the turbulent world around us.
How to Make Money on Increased Copper Demand
There was a time when copper was so easy to mine, that billions of pounds were simply abandoned for being too hard to reach.
That’s all changed.
Demand is going up and the easy supply has vanished. Now companies want to mine all the copper that was thrown away.
And one small mining firm came up with a chemical solution that not only makes getting it easy, but profitable.
There are a number of reasons why resource stocks are heating up, not the least of which is Jerome’s apparent willingness to cut rates despite inflation that is clearly still very prevalent.
If you think gold and copper are trading well now… well, you haven’t seen anything yet!
The catalysts are clear, as is the trend… which is why we recently hosted a webinar on how to position for this commodity supercycle. I went over why this is the best macro setup I’ve ever seen in the resource space and how I plan on taking advantage of it.
Yet, resource stocks aren’t the only wealth creating vehicle in this cycle. I recently sat down with our in-house crypto expert Chris Curl to talk about a subject I know very little about: cryptocurrencies.
It was a fascinating conversation as I didn’t realize how many parallels exist between the resource space and the crypto space. Chris explains why he’s so excited and, just like in the resource space, why he believes this cycle is going to be one for the books.
Chris will be hosting an exclusive call-in session on April 24th for Crypto Cycle members and I encourage anyone that’s speculating in the crypto space to attend.
Chris’s crypto service is the best in the business.
Whether it’s resource stocks or the crypto space, this is no time to sit idly by. Rather, it’s time to take advantage of the hand we’re being dealt… and to make that hand a very profitable one.
Let’s get it!
Gerardo Del Real
Editor, Daily Profit Cycle