Copper Continues To Blast Higher And Higher (JJC)

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August 25, 2017 11:47am NYSE:JJC

A month ago the Power of the Power of the Pattern shared the Doc Copper was breaking above a 6-year falling channel. While inside of this channel since the highs in 2011, Copper had lost over a third of its value.

Doc Copper and Copper Miner Freeport (FCX) continue to reflect strength over Gold, Silver and the S&P 500 the past 90-days. (See Below)

Below looks at the chart of Doc Copper and why Premium and Metals members took advantage of this rally by purchasing Freeport (FCX) back in May.

Joe Friday Just The Facts

Doc Copper continues to scream higher, with Copper testing 2014 lows and highs at the $3 level. Freeport has doubled the gain of Doc Copper the past 90-days.

Members remains long FCX (30% gain in the past 90-days) and continue to pulls stops up on the rally. If you would be interested in Doc Copper and FCX Power of the Pattern analysis, you can get it by becoming a Premium or Metals member.

The iPath Bloomberg Copper Subindex Total Return Sub-Index ETN (NYSE:JJC) was trading at $34.84 per share on Friday morning, down $0.01 (-0.03%). Year-to-date, JJC has gained 21.10%, versus a 10.46% rise in the benchmark S&P 500 index during the same period.

JJC currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #14 of 130 ETFs in the Commodity ETFs category.

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