Coming Into Alignment February 15th, 2019 by John Gross

Well, the stars we are not too sure of yet, but the analyst community is clearly stepping up to the plate.

On Friday, February 4th, The Financial Times reported that Citi Bank expects copper to rally by 10% over the next 3-6 months.

On February 12th, Barron’s ran an article entitled ’Commodity Prices – and Producers’ Stocks May Have Fallen Too Far’. The article went on to say, “JP Morgan thinks the markets may be oversold”.

Last week an analyst at Morgan Stanley was quoted as saying “We see 14% upside to copper from a supply driven deficit by year end”.

And lest we forget, our friends at Goldman see copper hitting $7,000 pmt in 2019, despite weak prices at the start of the year.

For those of us who are $/pmt = $/Lb. challenged, $7,000 is $3.18 per pound.

So there you have it. The Big Guys have spoken, and they are bullish.

Last June, or so, we said copper will see $5.00 at some point, which was followed a week later by an article in Barron’s suggesting the price of copper could / would triple in 10 years – that is $10.00 per pound, or $22,046 pmt.

On another, perhaps more important note, it is time once again for our annual visit to Steve Jobs’ commencement speech at Stanford University in 2005.

His words and message were timeless then, and remain so now. Here is the link: https://youtu.be/VHWUCX6osgM

We hope you will share this with your family, friends, coworkers, employees, and anyone else who you think may find his vision and accomplishments inspiring.

Regards,
John

---

View Charts (PDF)

---