(Kitco News) Copper is one of the leaders of this year’s commodities bull rally, and its price surge is far from over, according to Goehring & Rozencwajg Associates, which is projecting at least a seven-fold increase in copper before the bull rally subsides.
“We are strong believers that copper prices are heading significantly higher. After bottoming at $1.95 per pound in early 2016, copper prices have more than doubled.
Copper equities (as measured by the COPX ETF) have done even better, rallying over 200% — more than twice the increase of the S&P 500,” Goehring & Rozencwajg said in a report. Continue Reading →