Opinions
Larry Berman CFA, CMT, CTA
HBP Comex Copper Bull+ ETF
HKU-T
DON'T BUY
Jan 20, 2014
$7.640
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
Comex Copper Bull+ ETF. There is a strong story for copper demand however calling the direction of a volatile commodity in the short term is a difficult game. This ETF with the double leverage applied to it becomes highly volatile. Best for short term focused traders. Would prefer Claymore Broad Commodity ETF (CBR-T).
E.T.F.'s
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Copper futures with leverage so this is not a long term thing to do. COPX is a US ETF that owns a basket of copper companies, which he prefers. Looking at copper futures, you are seeing a base developing but he doesn’t see it doing anything more over the next couple of years.