2021-11-26 08:18:40
When you want medical advice, go to the doctor.
When you want legal advice, go to a lawyer.
But when you want advice on the future price of a commodity, it’s time to ask the financial experts.
It doesn’t get more expert than investment bank Goldman Sachs.
Goldman is calling for copper prices to stabilize around $12,000 in 2022, possibly beginning in the first quarter of the year.
That would be the stabilized zone, but prices could peak way higher even during that period.
Following advice blindly is never a good idea, but just taking a look at the copper price chart for the LME shows a more than 25% gain in 2021 alone, meaning if the trend continues, $12,000 could be conservative, especially if copper has another year to run freely.
Low inventories, a lack of new projects, and huge demand from an incoming $1 trillion infrastructure spending plan is about to drive prices for copper and copper mining companies way higher.
We found one such copper company that is poised for a huge breakout with the current PERFECT environment.
That little-known company is Kutcho Copper Corp. (TSXV:KC) (OTCQX:KCCFF).
Despite having a high-grade copper resource, financial backing from one of the world’s largest precious metals companies and an outstanding team, Kutco has been flying under the radar.
But, thanks to the impressive results from its Feasibility Study, that’s all about to change.
Learn more about this future copper producer by clicking here.
Cautionary Statements:
Junior Mining Network (“JMN”) is not a financial advisory or advisor, investment advisor or broker-dealer and does not undertake any activities that would require such registration. The information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation, nor is the information an offer or solicitation to buy, hold or sell any security. JMN does not represent or warrant that the information posted is accurate, unbiased or complete and make no representations as to the completeness or timeless of the material provided. JMN receives fees for producing content on financial news and has been compensated to publish this content. Investors should consult with an investment advisor, tax and legal consultant before making any investment decisions. All materials are subject to change witho