Nevada Copper Prepares to Produce
I was writing about Nevada Copper five months ago and the shares were $.395. Today as the price of copper has gone down by ten percent and we move into tax loss silly season, the shares are $.215. They were cheap then, they are cheaper now along with most of their brethren.
This is the month I believe the world will catch onto the fact that the “Everything Bubble” has burst. Something is percolating beneath the surface and central banks see it. The Fed jumped into the Repo market on a “temporary” basis that looks more permanent daily. They just announced a $60 billion dollar injection into T-bills every month through the 2nd quarter of next year. Investors were naturally calmed when Chairman Powell proclaimed it wasn’t QE Infinity. My ass!
Something is about to blow sky high. I’ve said October for months and we have a long way to the end of the month. And I still believe gold and silver need a healthy correction that will end with the DSI below 10. I’m looking for around the Middle of December for the next screaming buying opportunity in the juniors.
Meanwhile Black Swans are plunging from the sky on a daily basis each setting off another land mine when it hits the ground. Our nations enemies and many of our “friends” are kicking back with a bowl of popcorn in one hand and a beer in the other.
On the 8th of October Nevada Copper announced some of the final commissioning at Pumpkin Hollow prior to production commencing in the next two months. This is the sweet spot in between “I’ve got a great idea” and copper cons being shipped when investors have squeezed all the risk out of a stock.
The world has a ten-day supply of copper on hand. Someday people are going to want more copper. Someday even junior resource stocks might go up. This would be a great time to invest in ready-to-go copper companies with known reserves in a friendly state.
Nevada Copper is an advertiser and I own shares bought in the open market. Do your own due diligence.