COPPER - Copper (Commodity)

Commodity of the decade thesis. Sees copper at $10-15/lb (possibly $20) within a couple of years. Currently holding a position, adding on retests.

Copper has broken a key trend line and is showing a bear flag pattern. Soloway favors further downside but notes it could bear flag (sideways to up) before a bigger rollover. The 200 MA is far below, suggesting room to the downside.

The host reveals he sold some gold to rotate into copper, believing copper has a good future and hasn't had nearly the pump that gold has had, despite being at all-time highs. He sees copper as having more upside potential.

The host personally holds $75,000 in copper option contracts on COMEX, is up $52,000, and believes copper could double or triple from current levels. He cites structural supply deficits, surging AI-driven demand, and tightening physical inventories as the core thesis.

The host is buying copper as a hard asset that can't be printed, part of his broader metals thesis for protecting wealth against currency debasement

Nick's core thesis: copper is the cleanest metal setup right now, early in a multi-year supercycle driven by AI data center demand, solar adoption, and structural supply deficits. He is adding copper as the third leg alongside gold and silver. Personal target of $20,000/ton before 2030.

The host mentions he is long copper because data centers require massive amounts of copper wiring, and the US grid cannot be expanded without it. He notes $80B in Azure revenue is stuck because the copper wires aren't there.

Ross believes copper is in an early stage breakout with a target of $10-$12 per pound in the next 12 months. Structural supply shortage with demand exploding from AI, EVs, and grid upgrades. He personally holds 50,000 lbs and is buying more.

Copper is looking 'toppy' with an up-sloping trend line that eventually breaks down. Short target at $7.00 where the parallel upward area meets resistance. Copper miners (COPX) also at resistance.

The host mentions he is looking at copper as a potential investment opportunity in the current market environment.