Akcieatrhy (Akcieatrhy.cz)
Markets  |  January 09, 2013 11:32:05

Copper to start.



“Akcieatrhy.cz“The year 2012 is over and it is time to start looking for some new stores that could bring interesting the longer term gain. From this perspective, it could be an interesting investment in copper.

It seems that a bond based on copper JJC (ETN) creates a price band "cup with handle", which is accompanied by increasing purchasing volumes. Last year, copper is traded in the lateral tapering band. This type of inflation is characteristic for bored traders due to insufficient inflation leaves his position and poohlížejí for something more profitable. It's called: "If you want to shake the market, wait until fall away by themselves." The monthly chart is nicely visible that the commercial interest in this
commodity gradually dwindled. Trading volumes fell, as the price trend continued in the side.

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Is interesting to look for business opportunities that are party to interest, but already showing signs of gradual growth and upcoming launch of a new upward trend. It is always better if you manage to get on the train at the station than it naskakovat up while driving.

Let's look at a few charts of shares of copper and copper miners. We will try to see if it was not the current situation prevailing in the copper market somehow exploit.

JJC - on exchange traded note (ETN) tracking the price of copper

The difference between the ETF and ETN is trading only in terms of technical. ETF is an equity fund traded on the stock exchange, the ETN on an exchange traded bond
. Both may have the same underlying asset, such as copper. ETN JJC tracks copper futures contracts prices in High Grade on the COMEX exchange. JJC accurately tracks the Dow Jones-UBS Commodity Index Total Return, which only monitors the contract price of copper , but we can be pretty one.

Looking at the graph we see emerging band "cup with handle", which is characteristic of the period just before puncture price upward and creating a new long-term upward trend.This does not mean that they can not be punctured "ears" and a sharp decline in the price downwards. However, even in this case we could zobchodovat such a course and make a short position.

Graphical analysis


Equity Fund (ETF) copper miners COPX

This equity fund holds shares of copper miner, showing signs that they could start a new upward trend. Let's look at the composition and distribution of the fund investment companies in terms of size and in terms of their geographic location.

The ten largest companies held by the fund

First Inmet Mining Corporation (IEMMF): 6.62%
Second KGHM Polska Miedz SA (KGH): 5.24%
Third Xstrata PLC (XTA): 5.04%
4th Grupo Mexico, SAB de CV (GMEXICO B): 4.89%
5th Jiangxi Copper Company Limited H Shares (00358): 4.83%
6th HudBay Minerals, Inc.. (HBM): 4.82%
7th Antofagasta PLC (Anto): 4.78%
8th Southern Copper Corporation (SCCO): 4.75%
9th Lundin Mining Corp (LUNMF): 4.55%
10th Kazakhmys PLC (KAZ): 4.55%

Graphical analysis


Market capitalization Percent
Huge (giant) 9.93%
Great (large) 32.95%
Medium (medium) 29.60%
Small (small) 26.51%
Minimum (micro) 0.60%

Investments are nicely divided roughly equal proportion among large, medium and small businesses.

Graphical analysis

Canada 46.26%
Europe 25.01%
USA 9.26%
Australia 8.66%
Latin America 4.89%
Asia (emerging markets) 4.83%
Africa 0.58%

From a regional perspective, a strong presence in Europe and emerging markets of Asia.

Graphical analysis

Most promising copper mining stocks - LUNMF

When evaluating the graphs of all the major companies owned by the Fund COPX we noticed stocks that looks that will soon create a new upward trend. The share price of Lundin Mining is located in Phase 1 - Accumulation and may at any time during the following weeks to break through resistance and go up. It should be borne in mind that three fourth shares evolve in line with the overall market, so it is better to wait until the major stock indexes will find a bottom, or start to move to the side. Only then, can be expected to increase in the price of copper started.

Conclusion

Copper lost over the last 12 months their shine, but it does not mean that now could be a turnover. It will be interesting to see if COPX LUNMF and decide to look into the higher realms and bring some the profit.

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