The Long Investor
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$COPX - SAFE HAVEN -
🕑 Added 2025-03-20 13:17:49 +0000 UTC$COPX is a safe haven position we have been following for a number of years now and although it doesn't have the same strength as Silver and Gold right now, the chart still looks good and could be positioning itself for a strong move soon.
Price has managed to break back into the long ascending triangle and is testing the 200 Day MA at $43 now, a flip of this level to support and the triangle top line at $47 could be next....but a hold above this level and the First Target I believe can happen at $66 if there is a flight to safe haven positions over the next few weeks.
This is how the Gold chart looked under $2000 too before a strong breakout to $3000 in 1 year.
Comments
Chase Roberts
$FCX similar I assume
