Alert: copper offering us a buying opportunity? gold?

Let’s play for it and add JJC and IAU …


We’ve seen a relatively contained and  steady pullback in the last two weeks — both in gold and copper. It looks like the makings of merely a correction and not the beginnings of a major move lower … so far! 


Basically, I think commodities will extend a little higher for a few more weeks/months and now seems to be a good time to get in. Let’s add two new positions today; I’ll provide more details for these recommendations in an issue later today.


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Trade Essentials.


JJC (Last Price: $47.80)


Buy shares of iPath DJ-UBS Copper TR Fund, symbol JJC, at the market. Then place an order to SELL ALL your shares of iPath DJ-UBS Copper TR Fund, symbol JJC, at $44.77, STOP. This order is good till cancelled. 


 


IAU (Last Price: $16.80)


Buy shares of iShares Gold Trust, symbol IAU, at the market. Then place an order to SELL ALL your shares of iShares Gold Trust, symbol IAU, at $15.87, STOP. This order is good till cancelled.