European stock market: UBS raises conviction as Q2 earnings season approaches
A month ago we noted that Doc Copper was breaking above a 6-year falling channel. While inside of this channel since the highs in 2011, copper had lost over a third of its value.
Both copper and copper miner Freeport-McMoran (NYSE:FCX) continue to show more strength than gold, silver and the S&P 500 over the past 90 days.
The copper chart below shows why Premium and Metals members took advantage of this rally by purchasing Freeport back in May.
Doc Copper continues to scream higher, testing 2014 lows and highs at the $3 level. Freeport has doubled copper's gain over the last 90 days.
Members remains long FCX (30% gain in the past 90 days) and continue to pulls stops up on the rally.
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