Green Light for The Red Metal

Published on
April 29th, 2019
Duration
13 minutes

Green Light for The Red Metal

Trade Ideas ·
Featuring Peter Boockvar

Published on: April 29th, 2019 • Duration: 13 minutes

Peter Boockvar, CIO of Bleakley Advisory Group and editor of the Boock Report, returns to Real Vision to discuss his bullish outlook on copper. He notes electric vehicles as one of main drivers for future demand, highlights the supply deficit situation, and considers Southern Copper as the way to trade his thesis, in this interview with Jake Merl. Filmed on April 25, 2019.

Comments

Transcript

  • GS
    Gerold S.
    10 May 2019 @ 11:01
    I believe that will work out - on the long run
  • JO
    Johnny O.
    3 May 2019 @ 15:23
    Copper continued to be a good short in the days following this recommendation.
  • CH
    Colin H.
    1 May 2019 @ 07:30
    Great idea but I also have concerns about going long anything right now so I'll pass. Good to know though, I didn't think about the electric vehicle angle.
  • HC
    Howard C.
    30 April 2019 @ 14:39
    Nice to have people like Mr. Boockvar present ideas with a longer time frame that just weeks or months. Copper miners will get some through the storm ..... with dividends.
  • ek
    eric k.
    30 April 2019 @ 05:47
    AMLO is not looney
  • SS
    Steve S.
    29 April 2019 @ 15:39
    SCCO releases earnings on Wednesday. Strange that he didn't mention that at all in the interview, but a catalyst to the price coming up. Buy any weakness.
  • DL
    David L.
    29 April 2019 @ 13:16
    Isn't this an even better argument for lithium?
  • IH
    Iain H.
    29 April 2019 @ 09:22
    Maybe right but I think its a bit early. In the long run copper will be a big buy.
  • BJ
    Brian J.
    29 April 2019 @ 07:27
    everyone keeps going on about this pound of copper per electric car compared to and IC engine car. is that the only bullish call for copper
    • BD
      Bruce D.
      29 April 2019 @ 11:31
      It’s the only one needed.....
    • PC
      Peter C.
      29 April 2019 @ 16:22
      No one talks about copper recycle market? How much are we getting from that and does that impact supply side?
    • DR
      David R.
      29 April 2019 @ 18:45
      Well, per Lacy Hunt this month, MMT will unleash commodity inflation the likes of which very few humans alive today have seen.
    • LE
      Loui E.
      29 April 2019 @ 22:04
      It’s all about the pennies->copper. “Penny wise, dollar polish!” Translation: Making decisions with large amounts of money (pennies) that end up making Great sense for affecting larger amounts of money! (Dollars). Making a bid for SCCO & thanks for the WMB trade Peter!
  • IC
    Ibrahim C.
    29 April 2019 @ 06:40
    Good fundamental comments; but technically weakening chart. It needs to hold above 50day MA, otherwise it will sink to 34sh. If the latter level is broken down, more downtrend might be in the horizon.
    • Nz
      Nicholas z.
      29 April 2019 @ 21:30
      David R, I'm interested to read / watch whatever Lacy Hunt has written/said about MMT and commodities inflation. where did you see his commentary please?
    • Nz
      Nicholas z.
      29 April 2019 @ 21:50
      found it- Macrivoices
    • DR
      David R.
      30 April 2019 @ 06:55
      Nicholas... yes that's right. Note that despite Dr Hunt's statement that MMT will cause "hyperinflation" (terrible for bonds), Dr Hunt remains bullish bonds for now because in his opinion 1) US growth will plunge from here forward and be 0% by 4Q (the 1Q beat was an anomaly heavily borrowing from the future with inventory build, which bodes ill for later this year), and 2) the legality of passing MMT into law and practice will take time thus he will have time to adjust portfolios accordingly. However, others state that in a crisis, MMT will be passed & implemented quickly.